Bank Nifty

Date 17.08.2024
Bank Nifty spot - Swing trade
Timeframe : Day chart
Remarks :

1 50 ema is acting as resistance (yellow marked)
2 100 ema is acting as support (sky blue marked)
3 50 ema + 38% of fibonacci is acting as resistance
4 100 ema + 50% of fibonacci is support
5 Speed resistance fan is targets area in case of breakout & breakdown
6 Withing 38% + 50 ema & 50% + 100 ema is sideways zone
7 Resistance trendline is another important area post breakout

Regards,
Ankur