Nifty Bank IndexLong
Will Nifty Test 24350 or Pull Back Once More?
Nifty has created inverted Head and Shoulder Pattern on 2 hours chart.
Breakout is still pending, breakout is above 24350 level, target for the same is 25400 level another 1300 points journey.
Nifty this weeks Support : 24080 - 23950 - 23800
Resistance : 24350 - 24550
Bank Nifty is creating a flag pattern and also has a big gap between 51200-51700 level.
It can move either side.
Flag breakout is above 52600 for a target of 55500.
Bank Nifty Support : 51700-51400-51200
Resistance : 52150-52350-52600.
Breakout is still pending, breakout is above 24350 level, target for the same is 25400 level another 1300 points journey.
Nifty this weeks Support : 24080 - 23950 - 23800
Resistance : 24350 - 24550
Bank Nifty is creating a flag pattern and also has a big gap between 51200-51700 level.
It can move either side.
Flag breakout is above 52600 for a target of 55500.
Bank Nifty Support : 51700-51400-51200
Resistance : 52150-52350-52600.
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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.