BankNifty since 2 days finding sellers on upside every rally been selling off on upper levels, for wednesday 47000-46900 area is crucial support levels previously this 46900 levels tested three times and held , if this 46900 voilates we may see more fall till 46500 to lower side and on upper side one need to look for long above 47450 only if a good 15 min candle close above it.
Resistance:-47450,47800,48150
Support :- 47000,46900,46500
There is big gap left below 45500 to 45000 this area will test in comming days not tommorow (wednesday) if bearish trend continues.
Resistance:-47450,47800,48150
Support :- 47000,46900,46500
There is big gap left below 45500 to 45000 this area will test in comming days not tommorow (wednesday) if bearish trend continues.
Note
Kind of H&S pattern in 5 in time frame 47200 below could be short entry target 47000 area Note
H&S invalid right shoulder got voilated, still 47400 to 47450 is resistance area anything below 47200 it will fall to 47kNote
47200 area acted as support today and resistance above still intact 47400 to 47450 not even tested them.Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.