NIFTYBANK: Bulls "Laksha" Dweep
For nature lovers' sea is an inspiration for generation. Close to the nature, shores, waves and then the bank! It is water that surrounds the land, it is the waves that surrounds the thoughts.
Ther is no preference to the Word M or the World L. The waves count in the end. Don't read too much more than this!
For the bulls, Article 370 was a game changer and thus the Jammu and Kashmir Bank pleasantly surprised the Bulls. Will this extrapolation logic however big or small aid the Canara Bank, with largest number of banks there. Farfetched? in bull markets reasons and logics have no place.
The eternal move to 50K on bank nifty is what we fancy, that is the Lakshmana Rekha that is more enticing and rewarding for now.
The head and shoulder if you were hoping on might turn as a false one and result in minor inv head and shoulder taking closer to 49K. Out of the 18 Industries 15 are doing great, thus comes the broader strokes in favour of upmove.
There is slight deviation between bank nifty and nifty and that might get solved from other two heavy weights or both move in positive direction.
For the day 47880 should hold for move towards the 48400 as reasonable targets.
Ther is no preference to the Word M or the World L. The waves count in the end. Don't read too much more than this!
For the bulls, Article 370 was a game changer and thus the Jammu and Kashmir Bank pleasantly surprised the Bulls. Will this extrapolation logic however big or small aid the Canara Bank, with largest number of banks there. Farfetched? in bull markets reasons and logics have no place.
The eternal move to 50K on bank nifty is what we fancy, that is the Lakshmana Rekha that is more enticing and rewarding for now.
The head and shoulder if you were hoping on might turn as a false one and result in minor inv head and shoulder taking closer to 49K. Out of the 18 Industries 15 are doing great, thus comes the broader strokes in favour of upmove.
There is slight deviation between bank nifty and nifty and that might get solved from other two heavy weights or both move in positive direction.
For the day 47880 should hold for move towards the 48400 as reasonable targets.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
TA Primer ping me on +96895753093 +918106170817 details @sribhashyam65 twitter handle
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.