Banknifty daily analysis for 21/11/22
Banknifty on the weekly time frame has given only 300 points move and on the daily time frame the market has consolidated for 3 days.
The market has formed a dragon fly doji and took rejection from 42600 levels many times.
Banknifty is taking a halt on the higher levels and a trending market can be seen once market start closing above 42600 levels.
On the hourly time frame, the market has again given a bullish closing but the markets are consolidating.
Market has closed above both the EMA's even on the smaller time frame.
Support :- 42400, 42230, 42100
Resistance :- 42600
Wait for the price action near the price level before entering the market.
The market has formed a dragon fly doji and took rejection from 42600 levels many times.
Banknifty is taking a halt on the higher levels and a trending market can be seen once market start closing above 42600 levels.
On the hourly time frame, the market has again given a bullish closing but the markets are consolidating.
Market has closed above both the EMA's even on the smaller time frame.
Support :- 42400, 42230, 42100
Resistance :- 42600
Wait for the price action near the price level before entering the market.
İlgili yayınlar
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.