Thursday, February 18

Nifty forming last leg of BAT pattern,EOD Analysis

  • As discussed in Last Analysis   Till it close above 7043 again we can see move till 7151/7238, below 7043 back to 6950/6900 range. Nifty made low of 7960 below 7043 and once it moved above 7043 in afternoon session made high of 7123, and today should do 7151 also, so Black Swan Harmonic pattern again helped us above 7043. Nifty is also forming the 4 leg of BAT pattern to complete Nifty should move towards above 7238 towards 7350/7589. Closing above 7151 we will head towards 7238. Close above 7238 on Weekly Basis will be very bullish as per gann and we can head all the way towards 7600.  Bank Nifty forming last leg of BAT pattern,EOD Analysis
BAT_Forming

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