BANKNIFTY ready for unidirectional move now..?

7 thg 8, 2023

As we can see BANKNIFTY had been in a range throughout the day without breaking either of the levels after taking support from strong demand zone hence now we can expect BANKNIFTY to break the trend line which it had been respecting since last few trading sessions making it weaker hence making the break of trend line very eminent and the break of trend line would also break the psychological level of 45000 which had been acting as resistance which would lead to a unidirectional move so plan your trades accordingly based on following break of both trend line and psychological level