Bank Nifty Weekly Analysis for 06-02-23 to 10-02-23.
Bank Nifty Weekly Analysis for 06-02-23 to 10-02-23.
39500 is a Strong Support for this Week. Double Bottom created in both Daily/Hourly Timeframe.
Above 42015, XABCD Activates.
More Confirmation above 43100 as Dynamic Trendline which is holding this complete Downtrend since 14-12-22 is At 43000-43100
If BankNifty Sustains above 42100, more Upside Possible And Targets are 43026/43909/44611.
If BankNifty trades below 40600, Downside Targets are 39495/38980/38364.
39500 is a Strong Support for this Week. Double Bottom created in both Daily/Hourly Timeframe.
Above 42015, XABCD Activates.
More Confirmation above 43100 as Dynamic Trendline which is holding this complete Downtrend since 14-12-22 is At 43000-43100
If BankNifty Sustains above 42100, more Upside Possible And Targets are 43026/43909/44611.
If BankNifty trades below 40600, Downside Targets are 39495/38980/38364.
Trade closed: target reached:
Sideways Market