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AkmeAnalytics

BankNifty: Key Support and Resistance Levels [08 Feb 2021]

Nifty Bank Index (NSE:BANKNIFTY)  
AkmeAnalytics Updated   
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Trend Lines Candlestick Analysis bankniftytradesetup bankniftytrading bankniftyanalysis bankniftylong bankniftyshort priceactionanalysis priceactiontrading priceactionstrategy
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supportandresistance trendline candlestick bankniftytradesetup bankniftytrading bankniftyanalysis bankniftylong bankniftyshort priceactionanalysis priceactiontrading priceactionstrategy
BankNifty in crucial zones

Long Setup: If BankNifty breaks trendline, then look for possible long opportunity.
I will wait for Banknifty to test the trendline or come to blue area once it breaks.

Short Setup: If BankNifty gives break out the blue zone, then you might expect downtrend to continue further.
I will wait for BankNifty to test the trendline or the blue area, and then short it.

*** Look for candlestick rejection patterns for further confirmation
Trade active:
Trade still not triggered
Trade closed: target reached
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