Bank Nifty Analysis for 12th Dec 2023

The top three red lines are resistance zone where sellers have shown presence and based on previous price action buyers want the price to come down to be interested to buy. So my aim is to wait get a confirmation for a trend before jumping into it.

İşlem kapandı: hedefe ulaştı:

As you can see the breakdown happened at 1006 HRS 3min TF and went further to our second support.