🌞 Good Morning, Everyone!
Take a look at the Bank Nifty chart above! 📊
If we close a weekly candle below 49,500, the next support zones are around 46,600 and 46,000 levels. 📉
💡 Hope you’ve benefited from our previous analysis on Nifty and HDFC Bank, where we highlighted:
✅ HDFC Bank’s tendency for fake breakouts
✅ A preempted Head & Shoulders (H&S) pattern formation on Nifty and it could face stiff resistance at 24500-24700 levels
⬇️⬇️⬇️⬇️⬇️⬇️
https://m.economictimes.com/markets/commodities/news/breakout-stocks-how-to-trade-hdfc-bank-praj-industries-amp-kaynes-technology-on-wednesday/slideshow/115698752.cms
Take a look at the Bank Nifty chart above! 📊
If we close a weekly candle below 49,500, the next support zones are around 46,600 and 46,000 levels. 📉
💡 Hope you’ve benefited from our previous analysis on Nifty and HDFC Bank, where we highlighted:
✅ HDFC Bank’s tendency for fake breakouts
✅ A preempted Head & Shoulders (H&S) pattern formation on Nifty and it could face stiff resistance at 24500-24700 levels
⬇️⬇️⬇️⬇️⬇️⬇️
https://m.economictimes.com/markets/commodities/news/breakout-stocks-how-to-trade-hdfc-bank-praj-industries-amp-kaynes-technology-on-wednesday/slideshow/115698752.cms