PL Technical View by Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd.
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Technical View : -
BANKNIFTY 46080: On the daily chart, Banknifty is trading in the range 44800 to 46500, and it has taken a support near 200 DMA, which is lying around 44800 to 44900 levels, and the 61.8% retracement level of the recent fall is also near 200 DMA, which is acting as a very strong support for the short term. Currently, Banknifty has moved past the significant 50EMA level of 46070 zone after a long time, improving the bias and furhter, has a strong resistance near 46400 levels and would need a decisive breach above 46400 levels to anticipate further rises till 47700–48300 levels.
 15.2024.jpg)
Above views are of the author and not of the website kindly read disclaimer
.jpg)
Tag News
Indian stock market turns topsy-turvy amid fresh Russia-Ukraine tension
