Banknifty daily analysis for 21/11/22
Banknifty on the weekly time frame has given only 300 points move and on the daily time frame the market has consolidated for 3 days.
The market has formed a dragon fly doji and took rejection from 42600 levels many times.
Banknifty is taking a halt on the higher levels and a trending market can be seen once market start closing above 42600 levels.
On the hourly time frame, the market has again given a bullish closing but the markets are consolidating.
Market has closed above both the EMA's even on the smaller time frame.
Support :- 42400, 42230, 42100
Resistance :- 42600
Wait for the price action near the price level before entering the market.
The market has formed a dragon fly doji and took rejection from 42600 levels many times.
Banknifty is taking a halt on the higher levels and a trending market can be seen once market start closing above 42600 levels.
On the hourly time frame, the market has again given a bullish closing but the markets are consolidating.
Market has closed above both the EMA's even on the smaller time frame.
Support :- 42400, 42230, 42100
Resistance :- 42600
Wait for the price action near the price level before entering the market.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.