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Bank Nifty levels (for 18-08-2023)Bank Nifty levels (for 18-08-2023) are given in the chart for educational purposes only.
Key Factors:
1. Still BNF is controlled by 50 ema (15-minute time frame)
2. BNF is forming a triangle.
3. Once this triangle is broken up then it may move up to 44282 (note: 44094 will act as a strong resistance).
4. If it breaks the downside then 43600 will be a major support.
Bank Nifty Levels (for 16-08-2023) Bank Nifty Levels (for 16-08-2023) are given in the chart for educational purposes only.
Important Factors:
1. Still BNF did not complete the target of Head and Shoulder pattern that we discussed in the previous post.
2. In the weekly time frame it is observed that BNF has broken the previous week's low.
3. In the last session (15-minute time frame), BNF is controlled by 20 ema. So, it says that BNF is Still weak.
BANK NIFTY LEVELS 11TH AUGUSTBank Nifty Actionable Idea
#Current Price- 44541
#Resistance- 44605
#Support- 44456
#Target 44703 And 44786 we can expect after a break of Resistance
#Target 44368 And 44283 we can expect after a break of Support
#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
NOTE- Only for Education Purpose.
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