As posted yesterday we have achieved the targets, even after a positive RBI rate cut announcement today.
What we have now is Higher high and Higher Lows formation which makes reversal possible. So, now if we start heading higher we can achieve the Higher price range, shown on charts as Buy Target Range. A breakout above the Buy target range will confirm reversal for time being.
However, if we break the target range(Sell) towards lower side, Bank Nifty can achieve the Extended target range.
Trade carefully and with minimal Stop Loss.
What we have now is Higher high and Higher Lows formation which makes reversal possible. So, now if we start heading higher we can achieve the Higher price range, shown on charts as Buy Target Range. A breakout above the Buy target range will confirm reversal for time being.
However, if we break the target range(Sell) towards lower side, Bank Nifty can achieve the Extended target range.
Trade carefully and with minimal Stop Loss.
