Bank Nifty at most crucial Level of 36500.. Reasons...
1. BNF 36500 is at important levels... in long term monthly view... BNF above top orange line it needs to prove uptrend... and below bottom orange line it needs to prove downtrend...
2. So all the fight is going to happen to cross these lines and 36500 is middle ground of that crucial fight of the year...
3. if uptrend is proved, BNF will show 40,800, and even 45,500 in couple of months in 2021.
and if downtrend is proved then BNF can show 29,000 & 24,500...
At this moment theres is 50-50 chance... in slight way... its showing 55-45 chance, 55 being in uptrend but only orange lines will prove the real trend...
1. BNF 36500 is at important levels... in long term monthly view... BNF above top orange line it needs to prove uptrend... and below bottom orange line it needs to prove downtrend...
2. So all the fight is going to happen to cross these lines and 36500 is middle ground of that crucial fight of the year...
3. if uptrend is proved, BNF will show 40,800, and even 45,500 in couple of months in 2021.
and if downtrend is proved then BNF can show 29,000 & 24,500...
At this moment theres is 50-50 chance... in slight way... its showing 55-45 chance, 55 being in uptrend but only orange lines will prove the real trend...
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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.