Monday, February 15

Bank Nifty Did 2 target of Black Swan Harmonic Pattern,EOD Analysis

As discussed in last analysis   Nifty continued with the fall and closed near its 200 W SMA also forming a Hammer candlestick near the gann arc, suggesting we are near bottom for the time being. Bulls need to close above 14338. Till it do not close above 14338 any rise will be short covering rally if and when it comes.  Market obliged us and gave the much expected rally in style with Bank Nifty up more than 500 points, If plan is ready we just need to execute it keeping risk to reward in mind  Also Weekly Analysis  Black Swan harmonic pattern which got completed at 13810 and we saw the expected rally above 14150.We need to close above



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