Identifying the trend and turning point of BANKNIFTY.
Identifying the trend and a turning point of BANKNIFTY from the record of 2012 to 2020.
Personally, I don't advise taking a short position on banknifty and neither long position on it for the long term.
Yes, short term trader takes a long position with stop loss until target 33300.
- Resistance and Target 33318 from where U-Turn is possible to easy.
- The current price is far from the control price.
- Resistance 33318 - CMP 32400 = 918 points
- The current trend is up and resistance is far from here is 918 points.
Personally, I don't advise taking a short position on banknifty and neither long position on it for the long term.
Yes, short term trader takes a long position with stop loss until target 33300.
