Banknifty technical analysis for 20th feb 2024
Hello everyone,
Banknifty facing resistance at 46600 level in daily tf since last month.
Made indecision candle.
Momentum upside.
Price below 50 ma
Immediate resistance 46880
Immediate support 46156
Hourly price above all ma
Momentum + slightly down
Closing candle small inside reversal
Support - 46400 46230 46098
Resistance - 46700 46900 47120
Have a profitable day 😇
All levels given are for educational purposes only. No buy / sell recommendation. 🙏
Banknifty facing resistance at 46600 level in daily tf since last month.
Made indecision candle.
Momentum upside.
Price below 50 ma
Immediate resistance 46880
Immediate support 46156
Hourly price above all ma
Momentum + slightly down
Closing candle small inside reversal
Support - 46400 46230 46098
Resistance - 46700 46900 47120
Have a profitable day 😇
All levels given are for educational purposes only. No buy / sell recommendation. 🙏
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