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sunilvedula

PITCHFORK ANALYSIS FOR BankNifty SPOT- LONG VIEW STARTING TODAY

Long
Nifty Bank Index (NSE:BANKNIFTY)  
sunilvedula Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Technical Indicators Chart Patterns bankifty
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trendanalysis indicator chartpattern bankifty
Using Pitchfork analysis on a daily timeframe it is evident as everyone can see that we have taken support from the bottom line of the pitchfork. Since it is a green candle now our first target(44500/45000) will be the middle line and stoploss would be closing below the bottom-line (42970) of the pitchfork.
Comment:
Since we had closing below the pitchfork bottom line we can disregard the upmove
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