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NiftyBank

Bank Nifty – Technical View(15min)

4 months ago

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Bank Nifty – Simple Technical View Bank Nifty formed a symmetrical pattern yesterday and gave a breakdown around 12:30 PM . After that, the market recovered strongly and rallied near 61,100 . Later, a small pullback happened and the trend again turned bullish. πŸ”Ό Bullish Expectation Target: 61,750 If buying momentum continues, price may move towards the previous resistance zone at 61,750 . πŸ”½ Bearish Possibility Support: 60,550 If the market faces rejection near resistance and reverses, it may fall towards 60,550 . πŸ‘‰ Watch price reaction near resistance to decide the next move.

Bank Nifty – Simple Technical View

Bank Nifty formed a symmetrical pattern yesterday and gave a breakdown around 12:30 PM. After that, the market recovered strongly and rallied near 61,100. Later, a small pullback happened and the trend again turned bullish.

πŸ”Ό Bullish Expectation

  • Target: 61,750
    If buying momentum continues, price may move towards the previous resistance zone at 61,750.

πŸ”½ Bearish Possibility

  • Support: 60,550
    If the market faces rejection near resistance and reverses, it may fall towards 60,550.

πŸ‘‰ Watch price reaction near resistance to decide the next move.

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Posted by

RAVINTHAR PRADEEP

Moderator

4 months ago

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