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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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.