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Banknifty weekly analysis for 12/09/22.
Nifty Bank Index
Banknifty weekly analysis for 12/09/22.
By Mambotrade
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Sep 11, 2022
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Sep 11, 2022
Banknifty on the weekly time frame has given a nice up move and gained 2.5%.
There is a nice doji candle on the daily time frame.
The market in the second half consolidated and has closed 200 points higher.
On 15 minute time frame, has closed below the 20 ema.
Support :- 40250, 40050
Resistance :- 40570, 40850
Banknifty has closed above 40k on the weekly time frame. The markets are in a bull run and can form new high.
Wait for the price action near the levels before trading the markets.
BANKNIFTY
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Candlestick Analysis
Multiple Time Frame Analysis
NIFTY
Support and Resistance
Mambotrade
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