(BANKNIFTY DAILY CHART)
Banknifty had broken Rising Wedge after MACD got resisted near the resistance trend line and made low near 17502.
If MACD gives positive crossover than banknifty will rally to 18900-19000..
Banknifty sustaining above 18500 can move to 18800--18950 whereas below 18500 will slip to 18400 support level and breaking down of 18400 will take it to 18100 in panic.. In day time frame banknifty is in range bound mode.
If MACD gives positive crossover than banknifty will rally to 18900-19000..
Banknifty sustaining above 18500 can move to 18800--18950 whereas below 18500 will slip to 18400 support level and breaking down of 18400 will take it to 18100 in panic.. In day time frame banknifty is in range bound mode.
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