Bank Nifty Weekly Analysis for Week 09-13 March
Last week we gave the Chopad level of 19986 Bank
Nifty achieved 3 target on upside and 2 target on downside, We have
inflation and CPI data coming on 12 March which will be closely watched
by market.Lets analyze how to trade next week.
Bank Nifty took support at the trendline @18400 and bounced back strongly closing above 21/34 HEMA. Now 19400 should be closely watched on downside and 19850 on upside. brakout/breakdown below or above this range.
Hourly Elliot wave analysis is shown..
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Bank Nifty Hourly
Bank Nifty took support at the trendline @18400 and bounced back strongly closing above 21/34 HEMA. Now 19400 should be closely watched on downside and 19850 on upside. brakout/breakdown below or above this range.
Bank Nifty Hourly EW Daily
Hourly Elliot wave analysis is shown..
posted by Bramesh at
6:57 PM
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