Simple technical view of bank nifty(spot)
Bank Nifty(spot) exactly faced resistance at 25232 where 200 day MA and gap resistance area is present, it recently broke the wedge pattern on the upside and mostly just coming back to retest , watchout for 23900 levels where 50% fib retracement level lies , if sustained further upmove is possible.
Personal view: Bullish as long as 23900 levels hold.
Disclaimer: These are just my personal observations , Please do your own research or consult an advisor before doing any investment or trading.
P.S: Constructive criticism is appreciated.
Personal view: Bullish as long as 23900 levels hold.
Disclaimer: These are just my personal observations , Please do your own research or consult an advisor before doing any investment or trading.
P.S: Constructive criticism is appreciated.
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