VijayBabuA

BANKNIFTY Support Levels

NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY has reached it's support level , it has reversed from current level in the last two swings, it may go down upto 20900 level and if it crosses above resistance trendline it may go upto 21700 - 22000 levels.

Observe the Price action at current levels tomorrow, we can see a pull back as price reached support levels.

It is observed that, there is a failed bullish divergence on hourly chart and it is also in oversold range, there is possibility that it may touch 20900 as well.

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