BANKNIFTY can the rally sustain.
Updated
Recent upgrations of banks and ndfc
have fuelled the rally in bank nifty.
seems not to be impacted by global factors.
It is also helping nifty too from not breaking down.
But can it sustain enormous pressure that all indices are facing.?
Pitch fork denotes the movement nicely.
its movement is confined with in the intermediate lines above the median line.
Let us see if it succumbs to the of present economic environment if so its probabilty of falling
to median line is there.
if it breaks the uml of the pitchfork higher levels are possible.
40909 is critical level for it .If it falls below it further selling will be observed.
have fuelled the rally in bank nifty.
seems not to be impacted by global factors.
It is also helping nifty too from not breaking down.
But can it sustain enormous pressure that all indices are facing.?
Pitch fork denotes the movement nicely.
its movement is confined with in the intermediate lines above the median line.
Let us see if it succumbs to the of present economic environment if so its probabilty of falling
to median line is there.
if it breaks the uml of the pitchfork higher levels are possible.
40909 is critical level for it .If it falls below it further selling will be observed.
Note
Note
DOW seems to be breaking down of the neck line of the head and shoulder pattern.Note
Note
Dow must pull back above the neck line to negate the decline today in US market.Note
Note
Note
Diogonal or wedge pattern may be trend reversal.let us watch how it turns to be.Note
Note
It seems head and shoulder breakdown in Dow.Note
Note
Bank nifty may open at 40833.what to do with gap down?Note
Note
touches the target.
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