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Bankniftytrading

BANKNIFTY : Can touch daily major support ?BANKNIFTY on Daily chart its following triangle pattern perfectly shared last week. In Hourly chart its trading near flip support. If it break 40300 (Flip support) it may touch major support of daily chart. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:BANKNIFTY
by ChartsSpecialist
Bank nifty viewNSE:BANKNIFTY has pulled back by about 1000 points with in a span of seven days. Now reached level where earlier a lot of buying interest was witnessed (Watch it in the chart marked with rectangle box). One interesting point to note in this pullback is that even though there were range expansion of candles volume expansion is missing altogether. See the chart. Also look carefully in the chart and see that in the past whenever price pulled back with low volume the expansion to the upper range was quick. So the two important points to note that. 1) Price is in the zone where in the past lot buying interest was witnessed with heavy volume. 2) The current pullback has no volume back up. The last days volume was almost negligible. Good Luck
NSE:BANKNIFTY
by Vasu_devan
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