August 14, 2012

BANK NIFTY Chart analysis

 
  • There is a triangle pattern in the daily chart and 20 SMA in the middle of the triangle pattern.
  • 50 Day SMA and the triangle support line are crucial supports for BN.
  • Price is getting support at 50 Day SMA. Sustaining above 20 SMA should take BN towards the upper resistance line of the triangle pattern.
  • DLF RESISTANCE LEVLES


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