BANKNIFTY--Chance of Double Bottom??
The Bank nifty index,
44200 is a strong Support... In the previous Session ,
After a Bearish Gap + Strong fall = indicating an exhaustion of sellers...
Buyers immediately taken the price towards 44800 levels is happened yesterday..
Today price again tested the same zone again.
If this is an exhaustion of sellers and initiation of buyers.. tomorrow it will form a double bottom and the price is continue its momentum towards upside.
If we observe bottom side.. we have a strong a support lies at 43800 levels...
Before testing this levels will this gives us some retracement or it will continue to move upside.
Will see what happens in the next session...
44200 is a strong Support... In the previous Session ,
After a Bearish Gap + Strong fall = indicating an exhaustion of sellers...
Buyers immediately taken the price towards 44800 levels is happened yesterday..
Today price again tested the same zone again.
If this is an exhaustion of sellers and initiation of buyers.. tomorrow it will form a double bottom and the price is continue its momentum towards upside.
If we observe bottom side.. we have a strong a support lies at 43800 levels...
Before testing this levels will this gives us some retracement or it will continue to move upside.
Will see what happens in the next session...
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Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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