Long-term Bias (Weekly): Bullish
Medium-term Bias (Daily): Bullish
Short-term Bias (195 Min): Neutral
Bank Nifty has been consolidating at the support now which was earlier resistance, and bullish bias is based on price action. At it is taking support at earlier resistance which was hit 5 times before it was broke this should act as strong support. Hence I am bullish until the highlighted levels are mentioned in the analysis are taken out :)
Hopefully this analysis make some sense.
Thank you,
Yogesh
Medium-term Bias (Daily): Bullish
Short-term Bias (195 Min): Neutral
Bank Nifty has been consolidating at the support now which was earlier resistance, and bullish bias is based on price action. At it is taking support at earlier resistance which was hit 5 times before it was broke this should act as strong support. Hence I am bullish until the highlighted levels are mentioned in the analysis are taken out :)
Hopefully this analysis make some sense.
Thank you,
Yogesh
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.