MadugulaTharun

BANK NIFTY is an Trending View

NSE:BANKNIFTY   NIFTY BANK
NSE:BANKNIFTY
> In Daily Time Frame there is an major Trend Line to to Break to change TREND, and there it acts as Resistance.
> According to me there is an TRENDING VIEW IN NIFTY BANK ( BULLISH OR BEARISH SIDE).
>In 1hr TF it forming a lite Ascending Triangle / Bearish pole and Flag Pattern .
> 1). BULLISH view if NIFTY BANK opens GAP UP, Immediate Support is 32800.
And the Resistance is 33259 ( FRIDAY DAY HIGH)
Supply Zone= 33340-33450.

> 2). BEARISH View if NIFTY BANK opens GAP DOWN immediate support is 32655 and it breaks it can take major Support 32210.
Demand Zone= 32258-32132
Here Friday low acts as Resistance.

🚫🚫🚫Please don't take it as Serious to take Trade, this only MY VIEW to explain.
This is only for Educational purposes only...

Thanks ☺️...

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