12th July 2021 Analysis:
Overview: Banknifty trading in a tight zone as of now, new levels have been updated with the current volatility in the market.
Either it's a correction or a trend reversal. It's yet to be seen so we can have a view of not going on the long side as long as we are below 35520 levels. Once we are above then only look to buy else don't.
Banknifty resistance level: 35265/35520
If we open flat, and cross the triangle pattern on the upside then higher resistance levels can be tested but do not go aggressive buying until we have a closing above 35530 levels on the daily pattern.
Banknifty Support level: 34893/34630
Only if we form a price action below the triangle pattern, we can short BNF for lower levels of the target, but as 34630 is a good support zone we can see a good buying at that level.
DO SUPPORT AND LIKE & COMMENT IF YOU LIKE THE ANALYSIS :)
Overview: Banknifty trading in a tight zone as of now, new levels have been updated with the current volatility in the market.
Either it's a correction or a trend reversal. It's yet to be seen so we can have a view of not going on the long side as long as we are below 35520 levels. Once we are above then only look to buy else don't.
Banknifty resistance level: 35265/35520
If we open flat, and cross the triangle pattern on the upside then higher resistance levels can be tested but do not go aggressive buying until we have a closing above 35530 levels on the daily pattern.
Banknifty Support level: 34893/34630
Only if we form a price action below the triangle pattern, we can short BNF for lower levels of the target, but as 34630 is a good support zone we can see a good buying at that level.
DO SUPPORT AND LIKE & COMMENT IF YOU LIKE THE ANALYSIS :)
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.