Banknifty future chart analysis for 18.08.2023
As you can see here that price continously closing near Median line , thatswhy you
are not getting proper move in banknifty , this is the fifth time it closed
near Median line, but with a squeeze in bollinger band , you may see a nice move
today price do not face resistance at 44149 or support at 43919, if it retraces back
from 44149 , or bounce back from 43919 , then you may see sideways again.
If price goes below 43919, then you can see a good downmove and price may reach to
the level of 43646, in between 43839 is a strong support if price takes support here
sqaure off your position with small profit, take trade again when it breakdown 43839.
In upside if price breaks up above 44149, go long , 44262 strong resistance crossing above it may
push price towards 44389.
are not getting proper move in banknifty , this is the fifth time it closed
near Median line, but with a squeeze in bollinger band , you may see a nice move
today price do not face resistance at 44149 or support at 43919, if it retraces back
from 44149 , or bounce back from 43919 , then you may see sideways again.
If price goes below 43919, then you can see a good downmove and price may reach to
the level of 43646, in between 43839 is a strong support if price takes support here
sqaure off your position with small profit, take trade again when it breakdown 43839.
In upside if price breaks up above 44149, go long , 44262 strong resistance crossing above it may
push price towards 44389.