Bank Nifty does ABCD pattern target,EOD Analysis
As discussed in Last analysis Bank
Nifty is forming a Bullish ABCD pattern which got completed in the
range of 18950-18961, so holding this range we can see bounce back till
19252/19400. Bearish below 18950 for a target of 18850/18750. Bank
Nifty showed effect of bullish ABCD pattern and made high of 19378 near
target of of 19400. Bank Nifty closed above 19252 suggesting move till
19666 on cards till 19252 is held. Break of 19252 will lead fast move
towards 19000 and below it 18750 Arrogance, in varied degrees, before the fall starts
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