Bank Nifty ready for range expansion, Weekly Analysis
Last week we gave the Chopad level of 17906 Bank
Nifty achieved 1 target on downside and 1 target on upside rewarding
discipline chopad followers .Lets analyze how to trade next week.
Bank Nifty entered in demand zone and saw a strong bounceback. Till Holding below 21/34 EMA @bears have upper hand.Any close above 18300 will give a breakout and see bank nifty moving towards 18500/18600 levels/
Hourly Elliot wave analysis is shown, 18260 will play crucial levels next week.
Traded well in the range of Pyrapoint Analysis Support @
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Bank Nifty Hourly
Bank Nifty entered in demand zone and saw a strong bounceback. Till Holding below 21/34 EMA @bears have upper hand.Any close above 18300 will give a breakout and see bank nifty moving towards 18500/18600 levels/
Bank Nifty Hourly EW Daily
Hourly Elliot wave analysis is shown, 18260 will play crucial levels next week.
Bank Nifty Pyrapoint Indicator
Traded well in the range of Pyrapoint Analysis Support @
posted by Bramesh at
10:58 AM
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