Banknifty on Breakdown or Reversal
On Monthly time frame it's forming a marubozu. On monthly timeframe if we take last swing (Oct-23) and mark a fib-retracement, it's show price is in 0.5 & 0.6 area which is a crucial zone also a touchdown to 9 EMA .
Downtrend scenario
If Jan-24, candle close below 44590, it will confirm a Major time reversal and we will be able to see further.
Uptrend scenario
If Jan-24, candle close above 45381, it will confirm, it's a retracement and price will move up from here.
Downtrend scenario
If Jan-24, candle close below 44590, it will confirm a Major time reversal and we will be able to see further.
Uptrend scenario
If Jan-24, candle close above 45381, it will confirm, it's a retracement and price will move up from here.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。