Bank Nifty Spot Chart Weekly Analysis for 5 to 9 Feb., 24
📈 Trading Marcos Bank Nifty Weekly Analysis 📊
Spot Chart Levels Weekly Range: 1821.15
✅ Bullish Outlook ✅
Buy at 46196.67
🎯 Target 1 - 47096.42
🎯 Target 2 - 47792.1
📈 Average Position - 45981.78
🛑 Buyer Stoploss - 45589.62
📉 Sell at 45766.88
🎯 Sell Target 1 - 44845.48
🎯 Sell Target 2 - 44149.8
📉 Seller Stoploss - 46373.93
📊 Analysis:
Bank Nifty is showing a strong bullish stance with the formation of an inverted head and shoulder pattern on a larger timeframe, indicating a potential trend reversal. Additionally, a cup and handle pattern on a smaller timeframe further supports the bullish outlook.
Trade Recommendation:
Considering the technical patterns, it is advised to go long on Bank Nifty. Traders can initiate buy positions with the specified targets and stop-loss levels. Keep a close watch on the market for any developments that may require adjustments to the strategy.
#BankNiftyAnalysis #WeeklyOutlook #BullishMarket #InvertedHeadAndShoulder #CupAndHandle #TechnicalAnalysis #TradingStrategies #FinancialMarkets
Spot Chart Levels Weekly Range: 1821.15
✅ Bullish Outlook ✅
Buy at 46196.67
🎯 Target 1 - 47096.42
🎯 Target 2 - 47792.1
📈 Average Position - 45981.78
🛑 Buyer Stoploss - 45589.62
📉 Sell at 45766.88
🎯 Sell Target 1 - 44845.48
🎯 Sell Target 2 - 44149.8
📉 Seller Stoploss - 46373.93
📊 Analysis:
Bank Nifty is showing a strong bullish stance with the formation of an inverted head and shoulder pattern on a larger timeframe, indicating a potential trend reversal. Additionally, a cup and handle pattern on a smaller timeframe further supports the bullish outlook.
Trade Recommendation:
Considering the technical patterns, it is advised to go long on Bank Nifty. Traders can initiate buy positions with the specified targets and stop-loss levels. Keep a close watch on the market for any developments that may require adjustments to the strategy.
#BankNiftyAnalysis #WeeklyOutlook #BullishMarket #InvertedHeadAndShoulder #CupAndHandle #TechnicalAnalysis #TradingStrategies #FinancialMarkets
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Services:
✅ Intraday & Weekly Levels
✅ Guided Trading (Entry, Exit, Stoploss)
Contact for Services At:
📞 WhatsApp: +91-99288-36995
💬 Telegram Channel: @NumroTrader
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