Bank Nifty continue to hold 23540,EOD Analysis

Tuesday, July 11 Leave a Comment

As discussed in Last Analysis  As we have been discussing gann analysis gives you an extra edge as we have been discussing till 23300 is held bulls are in control and breakout above 23540 which did are 2 target today 23630/23720 and now bulls will wait for 2 target of 23900-24000. Bearish below 23300 for a move towards 23150/23000. Also the impulsive cycle at work we are up 500 points from the low made of  23254 before start of the cycle. Bank Nifty consolidated in small range today and till 23540 is held we can again head towards 23630/23720. Low made today was 23554 so bulls held on to 23540 as shown in below chart near gann angle. Bearish below 23300 for a move towards 23150/23000 What needs to be avoided to become Successful trader
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