BANK NIFTY ANALYSIS: Strong Bullish

1 456
Monthly analysis:
1) Trend identify: HH & HL- Bullish (M trend)
2)Monthly RSI: HH & HL - Bullish signal
RSI brek low but price does not break low- its a bullish ( Failure swing)
Weekly analysis:
1) Channel has broken & RSI is bullish above 50
2) previous week candle is closed above.
Daily analysis:
1) Break I H&S pattern with GAP UP
RSI is shifted from beraish to bullish
Traget Height of neck line (57700)

Open Interest: 56k massive PUT writting & SC on CALL side . and also long buildup CALL side - WE are strong bullish on BK


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