BANKNIFTY UPDATE:
Rising Wedge Break Down
As mentioned yesterday, breakout fizzled out & then breakdown happened on HCB below 43384 & its target is 43300_43310. So far made low 43379.
Immediate Resistance Zone - 43500_43515 / 43800_43870.
Next Resistance Zones - 44160 / 44300 / 44500
Immediate Support Zone - 43370_43300.
Below that 43020_42900
Rising Wedge Break Down
As mentioned yesterday, breakout fizzled out & then breakdown happened on HCB below 43384 & its target is 43300_43310. So far made low 43379.
Immediate Resistance Zone - 43500_43515 / 43800_43870.
Next Resistance Zones - 44160 / 44300 / 44500
Immediate Support Zone - 43370_43300.
Below that 43020_42900
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