BANKNIFTY - Weekly :- Index looks set for a bounce back. Support for RSI & High Volume during previous week, suggests an Upside Change in Trend is likely.
The two Fibonacci Retracements are :-
1) Drawn between Lifetime High/Low of Banknifty.
2) Drawn between Low after 2008 Crash to Lifetime High of Banknifty.
Also, the last candle is yet to complete. So, one can confirm with small time frame charts for precise LONG entry.
The two Fibonacci Retracements are :-
1) Drawn between Lifetime High/Low of Banknifty.
2) Drawn between Low after 2008 Crash to Lifetime High of Banknifty.
Also, the last candle is yet to complete. So, one can confirm with small time frame charts for precise LONG entry.
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