Bank Nifty Weekly Analysis for 19-23 Jan

Last week we gave the Chopad level of 18686 Bank Nifty achieved 1 target on downside and missed with long entry with gap up . Lets analyze how to trade in coming week.

 

Bank Nifty Hourly

As discussed last week new high came, Now high of 19410 should be watched closing above it can see bank nifty marching towards 19500/19600 Bank Nifty hourly chart is forming a triangle pattern breakout comes above 18800 for a target of new high and breakdown 18400 for initial target of 18100

Bank Nifty Hourly  EW Daily

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