Banknifty Trade set up with 1:5+ RR

6일 전

As of December 19, 2024, Bank Nifty has experienced a significant downward movement:

The index fell by more than 1300 points over two trading days
It reached a low of 51263 levels

This sharp decline was accurately predicted using Neo wave and price action analysis, demonstrating the effectiveness of these techniques in forecasting market movements

Key Price Levels and Targets
Several important price levels have been identified:

A critical support level at 52580

Potential targets on the downside include 52180 and 518001.

Resistance level at 53200, which needs to be broken for fresh buying to emerge