Bank Nifty does ABCD pattern target,EOD Analysis

Monday, November 7 Leave a Comment

 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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