Banknifty ready for another leg up?
BANKNIFTY Closed @ 43880.95 +111.85 pts .
Banknifty consolidated during the session, but finally managed to close almost at day’s high.
What does this mean?
This is a very bullish indicator in the immediate term. Remember folks, no indicator, no fancy pattern nothing will ever come to the level of pure price movement analysis.
Price is the backbone of everything.
We are bullish on banknifty for tomorrow’ as 43800 was a very good support throughout today’s session.
Banknifty consolidated during the session, but finally managed to close almost at day’s high.
What does this mean?
This is a very bullish indicator in the immediate term. Remember folks, no indicator, no fancy pattern nothing will ever come to the level of pure price movement analysis.
Price is the backbone of everything.
We are bullish on banknifty for tomorrow’ as 43800 was a very good support throughout today’s session.
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Indian Stock Market trader & trainer. Believer that everything revolves around price of an asset and nothing else.
