Bank Nifty - Key Support Level - Bounce or Break Down?

21 בנוב׳ 2021

Bank Nifty has been in upwards bullish channel since April 2021. Currently its at key Support level - Channel lower trend line. It can either bounce back (Green line) to test upper channel trend line or break down (red line) to test support levels marked in green. Its still in bullish trend, high chances to bounce back up.

23 בנוב׳ 2021

הערה

BANK NIFTY broke two of the support lines that I marked earlier 37753, 36885 today. Couple of more down day, will shift short term trend bullish to bearish and soon try to test the other support levels at 35780 and 34820 in next few weeks. For the bullish trend to continue, NIFTYBANK needs to get back into the Parallel Channel.

26 בנוב׳ 2021

הערה

Targets 35780 and 34820 will be achieved sooner.

29 בנוב׳ 2021

עסקה סגורה: היעד הושג

35780 target achieved, soon it will test 34820. Long term investors can start accumulating with small positions at these levels.

21 בדצמ׳ 2021

עסקה סגורה: היעד הושג

NIFTYBANK breached the 34820 target today.