BankNifty- Simple Support Area 19730-19750 Working
BA has bounced atleast twice going into the zone 19730-19750 which has become resting zone- since when we identified that zone -it worked like a magic zone
Either that zone of 19730-19750 to be taken as good buying zone or going above 20015 -which is the rejection level for BA can be taken as another important mark -if it crosses -one can look for 20200-20250 zone but the risk -reward is not that great as stops are below 19795.
Going Below Area of 19700-19730 shall be in the grips of bear & one can look for next support zone 19500-19550 as target zone.
Either that zone of 19730-19750 to be taken as good buying zone or going above 20015 -which is the rejection level for BA can be taken as another important mark -if it crosses -one can look for 20200-20250 zone but the risk -reward is not that great as stops are below 19795.
Going Below Area of 19700-19730 shall be in the grips of bear & one can look for next support zone 19500-19550 as target zone.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.