Get started
sunilvedula

BANKNIFTY FUTURESANALYSIS - Close above 49094 (fut) is important

Long
BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
sunilvedula  
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Trend Analysis Technical Indicators Wave Analysis
2
0
trendanalysis indicator waveanalysis
As per pitchfork analysis as shown in the figure market has closed above successfully the parallel lines. All lines of pitchfork will act as support and resistance. Since today close is a green doji but still we need to wait for a confirmation which will come only if we close above 49094 (Banknifty futures) . If we close above that level we are confirmed to upside with our next target at 49790 and 50,000.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.