Banknifty daily analysis for 21/11/22
Banknifty on the weekly time frame has given only 300 points move and on the daily time frame the market has consolidated for 3 days.
The market has formed a dragon fly doji and took rejection from 42600 levels many times.
Banknifty is taking a halt on the higher levels and a trending market can be seen once market start closing above 42600 levels.
On the hourly time frame, the market has again given a bullish closing but the markets are consolidating.
Market has closed above both the EMA's even on the smaller time frame.
Support :- 42400, 42230, 42100
Resistance :- 42600
Wait for the price action near the price level before entering the market.
The market has formed a dragon fly doji and took rejection from 42600 levels many times.
Banknifty is taking a halt on the higher levels and a trending market can be seen once market start closing above 42600 levels.
On the hourly time frame, the market has again given a bullish closing but the markets are consolidating.
Market has closed above both the EMA's even on the smaller time frame.
Support :- 42400, 42230, 42100
Resistance :- 42600
Wait for the price action near the price level before entering the market.
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Publications connexes
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.