Bullish signals on Bank Nifty

1. If you look Closely, BNF has tested the resistance zone about 6 times in last 5 trading sessions naking the zone weak.
2. The major trendline is the upward trendline that had retraced to 50% Fibo level and should continue the uptrend
3. The downtrend that stopped at 50% was just a retracement as it stopped at 50%
4. Currently at a good support zone.

With bank policy being in place at 10.00 am today, a positive trigger can lead to a good push in bank nifty.
If it sustains the support zone, only then we can expect an upmove

DISCLAIMER: The ideas are merely for educational purposes. Please consult your financial advisors before taking any trade. Trade at your own risk.



BANKNIFTYBullish PatternsChart PatternsTechnical IndicatorsNIFTYTrend Analysis

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