BankNifty on its top at market structure and RSI bearish divergence on hourly chart (Sign of early fall)
Support Zone: 37510-37570; Downside Target 36300
And further if it breaks 36220-36270; Next Downside Target 36000
Now if bearish divergence fails and it goes up then
Resistance Zone:36790-36850; Upside Target 37000
And further if it breaks 37000-37140; Upside Target 37415-37500
If these levels don't work out on Monday it will definitely work out on Tuesday
Support Zone: 37510-37570; Downside Target 36300
And further if it breaks 36220-36270; Next Downside Target 36000
Now if bearish divergence fails and it goes up then
Resistance Zone:36790-36850; Upside Target 37000
And further if it breaks 37000-37140; Upside Target 37415-37500
If these levels don't work out on Monday it will definitely work out on Tuesday
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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.