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Banknifty set for a great bullish move (18/07/23).
Nifty Bank Index
Banknifty set for a great bullish move (18/07/23).
Oleh TheMamboMomentum
Ikuti
Ikuti
17 Jul 2023
0
17 Jul 2023
A good bullish trend has started in the markets and banknifty has gained 600+ points on the daily charts.
The market has crossed and closed above the previous close high of 45420 levels.
On the hourly charts, there was a 470 points move in the last hour. Banknifty looks bullish and final there is a break out of the trend line.
There is a bullish moving averages cross over, on 15 minutes time frame.
Support :- 45420, 45240
Resistance :- 45655(ATH), 46000(fib level)
A nice 50% fibonacci level retracement was done and now the market is set for another bull leg.
Wait for the price action near the levels before entering the market.
BANKNIFTY
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Fibonacci
Moving Averages
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TheMamboMomentum
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