Bank Nifty - Key Support Level - Bounce or Break Down?

Bank Nifty has been in upwards bullish channel since April 2021. Currently its at key Support level - Channel lower trend line. It can either bounce back (Green line) to test upper channel trend line or break down (red line) to test support levels marked in green. Its still in bullish trend, high chances to bounce back up.

Not

BANK NIFTY broke two of the support lines that I marked earlier 37753, 36885 today. Couple of more down day, will shift short term trend bullish to bearish and soon try to test the other support levels at 35780 and 34820 in next few weeks. For the bullish trend to continue, NIFTYBANK needs to get back into the Parallel Channel.

Not

Targets 35780 and 34820 will be achieved sooner.

İşlem kapandı: hedefe ulaştı

35780 target achieved, soon it will test 34820. Long term investors can start accumulating with small positions at these levels.

İşlem kapandı: hedefe ulaştı

NIFTYBANK breached the 34820 target today.

gmaster29

Aynı zamanda::

gmaster29

Aynı zamanda::

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.