Bank nifty important level and patterns - 9/1/2023
Nifty and BN both are forming triangle pattern in 1hour time frame, will take a trade after breakout.
Excepting on long side as over all trend is still seen as a uptrend. Breaking triangle pattern on up side will have more potential move further upside than down side.
However, will wait until the breakout happen.
Bank nifty Support and resistance zones.
Resistance Zone 1 - 43,000
Resistance Zone 2 - 43,700
Support zone 1 - 42,500
Support Zone 2 - 41,700
Excepting on long side as over all trend is still seen as a uptrend. Breaking triangle pattern on up side will have more potential move further upside than down side.
However, will wait until the breakout happen.
Bank nifty Support and resistance zones.
Resistance Zone 1 - 43,000
Resistance Zone 2 - 43,700
Support zone 1 - 42,500
Support Zone 2 - 41,700
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