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#NIFTYBANK 1H Chart Analysis {16-04-24}

✦ Strong bear bar formed on Chart.

◉Trend:- Bull Channel

◉Swing: Downswing.

◉PCR: 0.55

◉Momentum Bias: Bears take control.

📊TECHNICAL ANALYSIS📊

❖Structure: Huge Gaps in fall and panic for sell is high.

▼Bear View: Immediate support is 47720 zone then major support is 47550 & 47070.

▲Bull View: After gap down it may show a slight recovery but overall the fall should continue.

Be Cautious, Volatility will be very high, Small Stops Won’t work out.

☑️Mark these levels on chart and study it to get better understanding.

KEEP LEARNING,

HAPPY TRADING.