Banknifty future chart analysis for 25.07.2023
You may see a good bollinger burst today.
as you are seeing here that its taking resistance
at median line and price also made a symytrical triangle, whichever
side its break will give you good move, more powerful move in downside.
If price moves above 46080 then it may resistance at 46214 , crossing 46214
will be very bullish and price can go beyond full target.
If price moves below 45864 then you can see a strong downmove and price will reach
45579, 45725 is also a good support.
as you are seeing here that its taking resistance
at median line and price also made a symytrical triangle, whichever
side its break will give you good move, more powerful move in downside.
If price moves above 46080 then it may resistance at 46214 , crossing 46214
will be very bullish and price can go beyond full target.
If price moves below 45864 then you can see a strong downmove and price will reach
45579, 45725 is also a good support.