#banknifty setup is neutral, the broader range is 23,200 to 21,000 for the last 2 months.
Double harmonic pattern, shows a reversal pattern in the range of 22,750-22,962, SL 23,220.
The risk to reward is not in favor of long at current levels.
A breakout above 23,220 we can initiate fresh long for 23,707 / 24,074.
Decision Zone 22,898 - 22,763.
Double harmonic pattern, shows a reversal pattern in the range of 22,750-22,962, SL 23,220.
The risk to reward is not in favor of long at current levels.
A breakout above 23,220 we can initiate fresh long for 23,707 / 24,074.
Decision Zone 22,898 - 22,763.
