Banknifty technical analysis for 20th feb 2024

2024年2月20日

Hello everyone,

Banknifty facing resistance at 46600 level in daily tf since last month.

Made indecision candle.

Momentum upside.

Price below 50 ma

Immediate resistance 46880
Immediate support 46156

Hourly price above all ma
Momentum + slightly down
Closing candle small inside reversal

Support - 46400 46230 46098
Resistance - 46700 46900 47120

Have a profitable day 😇

All levels given are for educational purposes only. No buy / sell recommendation. 🙏