Bank Nifty is an ascending triangle formation. its weak right now below the trendline. but taking support there. 48636 is resistance and 47481 is support. it needs to break either for bull/bear confirmation. currently weak structure.
The view and analysis is my personal opinion as a study. Im not a resistered SEBI advisor. hence please treat with caution and do your personal analysis. Any comments are welcome.
The view and analysis is my personal opinion as a study. Im not a resistered SEBI advisor. hence please treat with caution and do your personal analysis. Any comments are welcome.
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The move is complete. Its now accumulation/distribution phase based on further break above 46900 or below 44500.