Bank Nifty forms Bullish Engulfing pattern,Weekly Forecast
Last Week we gave Chopad Level 19275 Bank Nifty
gave Short entry on Monday which got stopped out on Tueday on gap up
and traders who revered posiiton as per Chopad levels were rewarded
handsomely , as it did all 3 target by Wednesday. Lets analyze how to
trade in coming week.
As discussed in last analysis Close above 19500 can move towards 19766/20000.
High made was 19911 so Bulls were to break 19500, Now Bulls need a close above 20000 for further move towards 19300/19500 which is double target of breakout zone.
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Bank Nifty Hourly
As discussed in last analysis Close above 19500 can move towards 19766/20000.
High made was 19911 so Bulls were to break 19500, Now Bulls need a close above 20000 for further move towards 19300/19500 which is double target of breakout zone.
Continue Reading
posted by Bramesh at
7:22 AM
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