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simplyansh

BANKNIFTY Daily and Weekly Technical Analysis

Long
BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
simplyansh  
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Trend Analysis Chart Patterns Beyond Technical Analysis BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions bankniftylevels bankniftyintradaylevels
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trendanalysis chartpattern beyondta banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions bankniftylevels bankniftyintradaylevels
BANKNIFTY Daily/Weekly timeframe analysis shows firstly that BANKNIFTY is following this Disjoint Channel from quite sometime this year. Also, shows that on higher side it needs to break above 36050 levels with force n volume with big single day candle to scare the bears and run for cover. This upmove can trigger a short covering rally and cause upward further momentum.
But chances of downside also can't be ignored as 36000 lvls can act as strong Resistance in this coming week.

Note: Levels are of BANKNIFTY futures n not of underlying Index
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