26th March 2024 – Weekly Chart
Charts , Information , Weekly
:: NIFTY 50
View :
After triangular bullish pattern confirmed, market tested back the upper trend line of the triangle, and formed a candle with strong wick at the bottom looks like it is forming a base and taking support.
On a daily time frame a strong bullish engulfing is formed with a good volume on the foothold of a Doji at the bottom.
Important Levels
- Resistance – 21,800- 21,900
- Support – 22,300 – 22,500
- No trading Zone – Nil
BANKNIFTY
View :
Upon touching a support, it seems like it is taking support- as a strong wick at the bottom.
On the daily time frame, a Doji at the support level, which was confirmed with another positive candle, which has been engulfed. Looks positive.
Important Levels
- Resistance – 46,900 – 47,000
- Support – 46,600 – 46,700
- No trading – 46,600 – 46,700