Banknifty was following green trendline
It has broken down below the trendline
Now trading below this trendline
Support Zone 1 at 41800 - 41950
Support Zone 2 at 41550 - 41600
Resistance is at 42730
If Breakout is given above pink resistance line
& resistance line of 42730 is retested as Support:-
Immediate Tgt upside is 43530
and ATH is also possible.
Breakdown below 41550 will make banknifty weak and a good fall may trigger.
These are my personal views and are for educational and papertrading purpose only. please consult your financial advisor before investing.
It has broken down below the trendline
Now trading below this trendline
Support Zone 1 at 41800 - 41950
Support Zone 2 at 41550 - 41600
Resistance is at 42730
If Breakout is given above pink resistance line
& resistance line of 42730 is retested as Support:-
Immediate Tgt upside is 43530
and ATH is also possible.
Breakdown below 41550 will make banknifty weak and a good fall may trigger.
These are my personal views and are for educational and papertrading purpose only. please consult your financial advisor before investing.
