Banknifty view for 25/07/22
Banknifty has given a nice marubozu candle on a weekly time frame.
Markets are now in a bullish trend and in the month of july market has gained around 10%.
The moving averages on daily time frame are close and there can be a bullish moving averages cross over.
Market consolidated in the second half of the last trading session.
Support:- 36475, 36285
Resistance :- 36900, 37160
The market has formed a nice "W" pattern on a weekly time frame and market may continue in the bullish run in the last week of the month.
Wait for the price action near the levels before entering the markets.
Markets are now in a bullish trend and in the month of july market has gained around 10%.
The moving averages on daily time frame are close and there can be a bullish moving averages cross over.
Market consolidated in the second half of the last trading session.
Support:- 36475, 36285
Resistance :- 36900, 37160
The market has formed a nice "W" pattern on a weekly time frame and market may continue in the bullish run in the last week of the month.
Wait for the price action near the levels before entering the markets.
منشورات ذات صلة
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.