What can we expect from NIFTY BANK in next trading session?
Hello traders,
Here, I am presenting deep analysis of BANKNIFTY for you.
On a bigger TIME FRAME nifty bank is still very bullish as the trend remains upright.
But the closing of 12th JULY 2023 seems weak. Therefore, we can see more correction in prices.
Studying closely to the above analysis post can give you clues for next trade.
In that we have mentioned:
1. FIBONACCI RETRACEMENT level of (0.5)SUPPORT for the uptrend. Mark and observe the price behaviour at this level to get hint.
2.Could witness price breakdown from falling CHANNEL as the closing on 12 July 2023 was quite weak.
3. Stay cautious once you see CONSOLIDATION near given fibonacci levels as it might be a preparation for next BULLISH rally.
Here, I am presenting deep analysis of BANKNIFTY for you.
On a bigger TIME FRAME nifty bank is still very bullish as the trend remains upright.
But the closing of 12th JULY 2023 seems weak. Therefore, we can see more correction in prices.
Studying closely to the above analysis post can give you clues for next trade.
In that we have mentioned:
1. FIBONACCI RETRACEMENT level of (0.5)SUPPORT for the uptrend. Mark and observe the price behaviour at this level to get hint.
2.Could witness price breakdown from falling CHANNEL as the closing on 12 July 2023 was quite weak.
3. Stay cautious once you see CONSOLIDATION near given fibonacci levels as it might be a preparation for next BULLISH rally.