BANKNIFTY Setup for September Last Week (26-Sep-2022 to 30-Sep-2022) | Dalal Street Week ahead 5th Week September 2022

 

• Sentiment: sideways to negative. Downtrend may continue or consolidate.
• Trend Continuation Condition: price fall below 39347.
• Targets: 38812.46 and 38379.86.
• Pullback Condition: price rise above 39413.
• Pullback Target: 40212.20.
• Sentiment Change Condition: price rise above 40212.20.
• Targets: 41077.41 to 41677.65 and then, 41611.94.
• Sideways Rank: 5.
• Previous Close: 39546.25 (-1230.55)
• Sellers Zone: 41077.41 - 41677.65
• Resting Zone: 39879.23 - 40545.18
• Buyers Zone: 39346.99 - 39412.70
• Resistances: 41077.41, 41611.94, 42477.15
• Supports: 39346.99, 38812.46, 37947.25

Disclaimer: These are only suggestive technical rules that have been found to work well over time in the market. These are not any trading or investing recommendations. We suggest you to take advice from certified experts for trading and investing. Neither PickMyStox nor any of its associates are responsible for any trading or investing loss.