this is banknifty 4HTF chart view, yellow line is long trendline connecting march swing high to till date swing high, second upper red line is connecting sep swing high to till date swing high, other red line is short trend line. this chart is for educational purpose only, pls share your view about banknifty in commnet. #banknifty
We are finding resistance at the 61% fib and previious structure after breaking the uptrend line at previous daily structure. Targeting 127% extension. Alternatively traders could wait for breaks below the 1h 50ema for added confluence.
