- As per trend analysis Bank nifty has seen bounce earlier in March'23 and November'23 it works as powerfull support given big moves in longer time.
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- Also trend also comfirms that buyers are still intact to make bounce in addtion to that we can see a wick reversal pattern is also seen on daily time frame.
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- Which also confirms buyer strength and also bank nifty has hold tightly on 25th Jan'24. which can lead a goods movement day keeps eyes on opening of Bank Nifty.
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- On Smaller time frame buyer have tried to make movement in last hour which also give hint for trend day.
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- Still beware of traps & avoid false breakouts enter on restest only And also keep note it can also fall from support as more the retest at support zone makes it weaker.
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Note : Do your own analysis before making any trade or investment decesion all post are for study purpose.