Bank Nifty future chart analysis for 18.10.2023
if price goes above 44641 then you may see a short lived burst and price may reach to
the level of 44797, which is also a strong resistance.if price goes above 44797 then you may
see a good upmove reaching full target.
As you can see here price closed at median line and bollinger bands are broad
and flat if price takes resistance around upside standard devition one or
if takes support around down standard deviation one you may see again a sideways.
if price goes below 44340, thenit will reach to the level of 44213, which is a strong support
crossing below 44213 , price may reach further down reaching full target and beyond.
the level of 44797, which is also a strong resistance.if price goes above 44797 then you may
see a good upmove reaching full target.
As you can see here price closed at median line and bollinger bands are broad
and flat if price takes resistance around upside standard devition one or
if takes support around down standard deviation one you may see again a sideways.
if price goes below 44340, thenit will reach to the level of 44213, which is a strong support
crossing below 44213 , price may reach further down reaching full target and beyond.