A good bullish trend has started in the markets and banknifty has gained 600+ points on the daily charts.
The market has crossed and closed above the previous close high of 45420 levels.
On the hourly charts, there was a 470 points move in the last hour. Banknifty looks bullish and final there is a break out of the trend line.
There is a bullish moving averages cross over, on 15 minutes time frame.
Support :- 45420, 45240
Resistance :- 45655(ATH), 46000(fib level)
A nice 50% fibonacci level retracement was done and now the market is set for another bull leg.
Wait for the price action near the levels before entering the market.
The market has crossed and closed above the previous close high of 45420 levels.
On the hourly charts, there was a 470 points move in the last hour. Banknifty looks bullish and final there is a break out of the trend line.
There is a bullish moving averages cross over, on 15 minutes time frame.
Support :- 45420, 45240
Resistance :- 45655(ATH), 46000(fib level)
A nice 50% fibonacci level retracement was done and now the market is set for another bull leg.
Wait for the price action near the levels before entering the market.
