Nifty Bank IndexUpdated Bank Nifty
Banknifty forming a triangle pattern. The demand zone is in the range of 43600--43400 with a stop loss of 43300. With this analysis, we can expect a rise to 44500--44850 levels
Note
As per expectation, Bank nifty made a low of 43547.90 and bounced where it made a high of 44020. This update is still valid as targets are still due of 44500--44850. We can trail stop loss to 43600.
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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.