Trend line showing overall bearish trend. Bank Nifty also in bear mode clearly now.
Today's closing is very important. 385, if broken with volumes on closing basis will cause more pain. Previous candle bounced from support level and closed green. Current candle showing bearish bias.
Bullish only if hourly close above 393-395.
Kindly do your own research.
Today's closing is very important. 385, if broken with volumes on closing basis will cause more pain. Previous candle bounced from support level and closed green. Current candle showing bearish bias.
Bullish only if hourly close above 393-395.
Kindly do your own research.
Comment:
Trading above trend line, but still not a good idea for fresh longs according to me.
Now if trades above 395 till end of day, bullish momentum to be seen. Still respecting trendline resistance.