BANKNIFTY: Potential Selling Pressure Ahead
Topic Statement: BANKNIFTY may face selling pressure as the breakdown of the long-term trendline signals a downtrend towards retracement levels which will act as potential support zones.
Key Points:
1. The long-term trendline breakdown indicates a downtrend.
2. Retracement levels will be the targets during a correction.
3. Medium-term correction may occur up to the 38.2% retracement level with support around 40,000.
4. Long-term correction may occur up to the 50% retracement level with support around 35,000.
Key Points:
1. The long-term trendline breakdown indicates a downtrend.
2. Retracement levels will be the targets during a correction.
3. Medium-term correction may occur up to the 38.2% retracement level with support around 40,000.
4. Long-term correction may occur up to the 50% retracement level with support around 35,000.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.