angelrishi

Bullish on BankNifty

Long
NSE:BANKNIFTY   NIFTY BANK
Seems like History will repeat as same patterns are appearing again, as mentioned in the chart. I expect 400 to 600 movement till the upward gap fill area, then bounce back/go ahead.
Comment: a) Inverted H&S
b) History repeating
c) trendline respecting (Banknifty Mar has 3 opints touching exactly, 4th has to come down till 24700 and bounce)
d) MACD giving Buy Signal
Comment: SL Trigerred

Comments

Entered @ 24700
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I see

a) Inverted H&S
b) History repeating
c) trendline respecting (Banknifty Mar has 3 opints touching exactly, 4th has to come down till 24700 and bounce)
d) MACD giving Buy Signal

Fundamentally the Banking sector has starting improving.

Let's see now that things go as planned!
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Hope for the best!
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