BN target done
Автор: Chartered Trader
Загружено: 2023-05-16
Просмотров: 45
Описание:
The Bank Nifty chart indicates that the market had experienced a decline and reached a support level of 43,900. A support level is a price point at which buying pressure typically outweighs selling pressure, causing the market to bounce back or reverse its downward trend.
In this case, the market managed to find support at 43,900, which means that buyers were willing to enter the market and push the prices higher from that level. As the market reversed, it started to climb upwards, indicating a potential recovery or a change in the prevailing bearish sentiment.
The target achievement refers to the price level or levels that traders and investors anticipate the market to reach after the reversal. However, the provided information does not specify any specific target or subsequent price levels.
To assess the target achievement and market reversal further, it would be necessary to analyze the subsequent price action, volume patterns, and other technical indicators on the Bank Nifty chart. These factors can help determine the strength and sustainability of the reversal, as well as potential price targets for the market.
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