Bank nifty | All Time High | Latest stock market news
(3 minutes read)

Stock name: Bank nifty

Pattern: All Time High

Time frame: Daily

Observation:
Banknifty has hit an all time high yesterday and is currently making an inside bar.
After a good upside rally and hitting an all time high, it is making consecutive Doji candles, which indicates indecisiveness. Technical analysis says that it is doing a re-test of the resistance broken and if it holds, there can be a leg of fresh up-move. However, if the level is not held onto, then we can also see a down move.

You may add this to your watchlist to understand further price action.

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:
1) Infosys and Roland - Garros serve up new AI powered experiences for the tennis ecosystem

2) Sound macroeconomic policies, softer commodity prices to sustain growth momentum: RBI

3) Inox Wind share price jumped over 8% today after the company bagged repeat order of 150 MW from NTPC Renewable Energy Ltd. The project will be carried out in the state of Gujarat. With this order, Inox Wind has received a total of 550 MW from NTPC to date.