Nifty Bank IndexLong
Bank Nifty - Weekly , Daily and hourly analysis
In weekly TF there is a double bottom formation. Previous resistance was 44732 which has been broken. Now the current price is 44814 which is near by 45000 which will act as a resistance. But in longer TF 1 upside move is pending and the target will be 46100. 45745 level will also act as a resistance because there is a GAP
Now between the current price 44814 and 45745 there are 2 resistance level which is the round number 45000 and 45500.
In shorter time frame intraday trade there are 2 targets
1st - 45000 to 45191 and 2nd - 45462
44250 is a very good support level in 15 min time frame
Now between the current price 44814 and 45745 there are 2 resistance level which is the round number 45000 and 45500.
In shorter time frame intraday trade there are 2 targets
1st - 45000 to 45191 and 2nd - 45462
44250 is a very good support level in 15 min time frame
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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.