Expected moves in Banknifty(15Min Timeframe)

BANKNIFTY
As we can see Banknifty moving in a parallel channel. It is not clear indication of any trend. But if price breaks out the channel we can expect positive move in banknifty but it will considered as temporary positive move because in 1 day Timeframe Banknifty is near its trendline resistance. But if Banknifty breaks down the channel then it will most probably the next wave of the downtrend. So keep an eye on the important banknifty levels. Hope this analysis helps you out for getting a broader view of Banknifty for the next trading session.

Trade fermée manuellement