Bank nifty weekly levels- May'23
After breaking the trend line in upward direction first high was around 42022 and swing low was around 37320.
Next swing low was build around 38540, i.e.,above the first swing low (buyers are getting interested).
Breaks the trend line with a strong positive candle (closed at 42312 level) ,next week candle, though it was a bearish candle but buyers managed to close the candle near the last week high (closed at 42118 level), which was also above the consolidation some ranges for quite sometime from 39000 to 42000 level.
BN already crosses the last swing high this week and following may be the upcoming levels on weekly basis:
First level-43565
Second level-44078
Happy trading😃
Next swing low was build around 38540, i.e.,above the first swing low (buyers are getting interested).
Breaks the trend line with a strong positive candle (closed at 42312 level) ,next week candle, though it was a bearish candle but buyers managed to close the candle near the last week high (closed at 42118 level), which was also above the consolidation some ranges for quite sometime from 39000 to 42000 level.
BN already crosses the last swing high this week and following may be the upcoming levels on weekly basis:
First level-43565
Second level-44078
Happy trading😃
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