BANKNIFTY has been moving in parallel channel for past 2 months. Today's closing is at crucial support level which has been tested around 7 times in couple of months. Also low is at the bottom of channel.
On the other hand, we have double bottom formation (7th & today) on the support level ( green line).
BUY only if Today's high is broken & sustained for 15-30 min
SELL only if green line is breached and sustained for 15-30 min
On the other hand, we have double bottom formation (7th & today) on the support level ( green line).
BUY only if Today's high is broken & sustained for 15-30 min
SELL only if green line is breached and sustained for 15-30 min
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.