BankNIFTY: Holding Strength Amid Market Correction
Topic Statement:
BankNIFTY is undergoing a correction but remains more resilient than NIFTY, with key retracement levels acting as support.
Key points:
1. The price has breached the weekly up-trendline, signaling an end to the bullish trend.
2. BankNIFTY may see further correction, shifting its trend to sideways or bearish.
3. Retracement levels will serve as key support zones during the correction.
BankNIFTY is undergoing a correction but remains more resilient than NIFTY, with key retracement levels acting as support.
Key points:
1. The price has breached the weekly up-trendline, signaling an end to the bullish trend.
2. BankNIFTY may see further correction, shifting its trend to sideways or bearish.
3. Retracement levels will serve as key support zones during the correction.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.