BANK NIFTY: DEMA CROSS OVER & FLAG PATTERN IN HOURLY CHART

BNIFTY:After a reasonable period of consolidation has started to show the signs of bounce back -as confirmed by Golden DEMA Crossover and Flag pattern formation in Hourly chart. Moreover in daily chart also its trading above all its DEMA Viz 20/50/100.I will be a buyer on BNIFTY and on dips till 46950-900 Zone for a positional Target of 47250/350/500 and trail for a target of 48000+
(For educational purpose only)

Trade closed: target reached:

as predicted at 47100 itself 48000 done within a weeks time. enjoy the profits