#Banknifty directions and levels for FEB 27th
Banknifty has undergone consolidation in the last session. If today's gap-up sustains, then we can expect 47089, which is a triangle resistance level (78%). If it rejects there, then the range market will continue for another one or two days. Alternatively, if it breaks, then we can expect a rally continuation in the upcoming trading session.
Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the demand zone at 46320. After that, if it finds support there, then we can expect a minor pullback. However, if it breaks that level, then the correction will likely continue.
Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then we can expect a correction that will reach a minimum of the demand zone at 46320. After that, if it finds support there, then we can expect a minor pullback. However, if it breaks that level, then the correction will likely continue.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.