BANKNIFTY DAILY TIME FRAME ANALYSIS FOR WEEK 2 OF MAY MONTH
SAME AS NIFTY BANKNIFTY IS ALSO IN A DOWNTREND WHEN WE TOOK AT DAILY TIMR FRAME.
IT WAS NEAR ITS SUPPORT AREA THE PAST WEEK AND WAS SEEN RESPECTING THAT ZONE.
IF IT BREAK THE TREND LINE UP WE COULD SEE A STRONG BULLIISH MOVEMENT AND THE UPPER ZONE COULD ACT AS RESISTANCE
IS IT RESPECTS THE TRENDLINE THEN WE COULD SEE A BEARISH MOVEMENT AND A GOOD SUPPORT AT THE LOWER ZONE
THIS VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE , NEVER FOLLOW ANYONE BLINDLY , TRADE WISLEY !
HAPPY TRADING !
IT WAS NEAR ITS SUPPORT AREA THE PAST WEEK AND WAS SEEN RESPECTING THAT ZONE.
IF IT BREAK THE TREND LINE UP WE COULD SEE A STRONG BULLIISH MOVEMENT AND THE UPPER ZONE COULD ACT AS RESISTANCE
IS IT RESPECTS THE TRENDLINE THEN WE COULD SEE A BEARISH MOVEMENT AND A GOOD SUPPORT AT THE LOWER ZONE
THIS VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE , NEVER FOLLOW ANYONE BLINDLY , TRADE WISLEY !
HAPPY TRADING !
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