Banknifty - Short term Trend Analysis - Feb & Mar 2023
Bank Nifty view is BEARISH for this week
Banknifty looks Strong when comparing with Nifty, and I can see Symmetrical triangle pattern which it takes rejection last week. If the lower triangle line is compromised we can expect 1000 Points fall. So my view in BNf is also BEARISH. We can expect up move only if 42700 is taken out on the higher side.
Any close above 42710, I will go long for 43300 Target.
I'm Not SEBI Registered analyst, so do your own analysis before taking entry.
Banknifty looks Strong when comparing with Nifty, and I can see Symmetrical triangle pattern which it takes rejection last week. If the lower triangle line is compromised we can expect 1000 Points fall. So my view in BNf is also BEARISH. We can expect up move only if 42700 is taken out on the higher side.
Any close above 42710, I will go long for 43300 Target.
I'm Not SEBI Registered analyst, so do your own analysis before taking entry.
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