Banknifty support and resistance levels for the month of Nov2022
Resistance level: 42403
Support level: 36572
Neutral Zone: 38516-40459
If candles are consolidating in neutral zone, wait for the breakout either one side.
If candles are break or sustaining above Neutral zone, we can expect upside move and the targets will be resistance level , Target1 and target2 as mentioned in chart
If candles are break or sustaining below Neutral zone, we can expect downside move and the targets will be support level , Target1 and target2 as mentioned in chart
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
Support level: 36572
Neutral Zone: 38516-40459
If candles are consolidating in neutral zone, wait for the breakout either one side.
If candles are break or sustaining above Neutral zone, we can expect upside move and the targets will be resistance level , Target1 and target2 as mentioned in chart
If candles are break or sustaining below Neutral zone, we can expect downside move and the targets will be support level , Target1 and target2 as mentioned in chart
Please let me know in comment section if you have any queries and like the idea If you agree with the analysis.
Disclaimer:
Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research
交易進行
Bank nifty moving towards the resistance level 42403 as mentioned in chart. It has to break this level to move next target. If it fails price will move to neutral zone or support level.
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