BankNifty since 2 days finding sellers on upside every rally been selling off on upper levels, for wednesday 47000-46900 area is crucial support levels previously this 46900 levels tested three times and held , if this 46900 voilates we may see more fall till 46500 to lower side and on upper side one need to look for long above 47450 only if a good 15 min candle close above it.
Resistance:-47450,47800,48150
Support :- 47000,46900,46500
There is big gap left below 45500 to 45000 this area will test in comming days not tommorow (wednesday) if bearish trend continues.
Resistance:-47450,47800,48150
Support :- 47000,46900,46500
There is big gap left below 45500 to 45000 this area will test in comming days not tommorow (wednesday) if bearish trend continues.
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Kind of H&S pattern in 5 in time frame 47200 below could be short entry target 47000 area
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H&S invalid right shoulder got voilated, still 47400 to 47450 is resistance area anything below 47200 it will fall to 47k
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47200 area acted as support today and resistance above still intact 47400 to 47450 not even tested them.
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