Nifty Bank IndexViés de alta
BANKNIFTY IS READY FOR AN UPMOVE
BANKNIFTY is in sync with Gann Square Levels on daily charts. As it has been seen how the Gann Level & Gann Fan has acted as both support and resistance on multiple occasions. On weekly charts, a double bottom pattern has been formed but the prices hasn't been able to move up and have been hovering between 23000 - 21000 so further consolidation is less likely to occur and i think it's time that price will break the barrier.
The fibonacci levels on both hourly and daily charts are showing resistance of 22400 levels and support of 22120. Therefore, a long position can be initiated once the price breaks above the 22400 level and the stop-loss will be 22120
The fibonacci levels on both hourly and daily charts are showing resistance of 22400 levels and support of 22120. Therefore, a long position can be initiated once the price breaks above the 22400 level and the stop-loss will be 22120
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