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pareshdevnani
Feb 25, 2022 3:30 AM

Bank Nifty reversal from PRZ? Long

Nifty Bank IndexNSE

Description

After the huge fall because of the Russia-Ukraine war, there could be a good opportunity to Long Bank Nifty. A pattern of Bullish Cypher has been formed with almost perfect Fib ratios. One can long Bank Nifty in the green zone (35052 - 35170) with a strict stop loss (34556) of the red line below it because that would indicate pattern failure. The three targets are marked on the chart with green lines (36084 - 36722 - 37238).
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