Banknifty weekly analysis for 22/08/22
Banknifty on the weekly time frame has formed a bearish candle and closed below the crucial round number 39000.
On daily time frame, banknifty has formed a bearish engulfing candle and lost around 700 points in a day.
The market has started trading below its 20 ema on hourly time frame and closed below the level.
A nice price action is formed on 15 minute time frame and market is taking support from 200 ema.
Support :- 38900, 38765, 38400
Resistance :- 39140, 39340, 39650
The markets can be volatile.
Wait for a price action near the levels before entering the markets.
On daily time frame, banknifty has formed a bearish engulfing candle and lost around 700 points in a day.
The market has started trading below its 20 ema on hourly time frame and closed below the level.
A nice price action is formed on 15 minute time frame and market is taking support from 200 ema.
Support :- 38900, 38765, 38400
Resistance :- 39140, 39340, 39650
The markets can be volatile.
Wait for a price action near the levels before entering the markets.
פרסומים קשורים
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.