BANKNIFTY FUTURES 10 August 2022
BNF started from the uptrending channel and stopped exaclty in the zone just near the trendline level given, consolidated there and broke after 90 minutes to form a new high.
BNF has given a good closing above previous 124 days high.
It has strong resistace above and nees good momentum to break them, which it is already gathering by consolidating on my zones, each time it approaches.
Respect the levels and zones before you trade, it will result in a good risk reward ratio in your trades. Note one observation, it is continuously moving in an up trending channel since many days.
Best of Luck.
BNF has given a good closing above previous 124 days high.
It has strong resistace above and nees good momentum to break them, which it is already gathering by consolidating on my zones, each time it approaches.
Respect the levels and zones before you trade, it will result in a good risk reward ratio in your trades. Note one observation, it is continuously moving in an up trending channel since many days.
Best of Luck.