Banknifty weekly timefram analysis
As we can see in the chart that after the recovery from the covid 19 crash, the banknifty is forming a falling wedge type of pattern. On the breakout of this channel, it can give a good move upto 42000.
The current important support and resistance level are also marked. The current important support level is around 30500.
Hope that you liked this analysis and don't forget to mention your view in the comment section.
Disclaimer - The information provided here is for informational purpose only and not to be used and trading or investing advise.
The current important support and resistance level are also marked. The current important support level is around 30500.
Hope that you liked this analysis and don't forget to mention your view in the comment section.
Disclaimer - The information provided here is for informational purpose only and not to be used and trading or investing advise.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.