From the first week of March, Bank Nifty rose 4000 points in 45 degrees and after that, there was no clear direction in mid-March.
Now we are at end of the March series still we are getting stiff resistance in zone of 36200 to 36700 range and clearing this seems tough for banknifty
So for April Series, We are using Harmonic Pattern for Projection.
We are believing that Banknifty will face stiff resistance near 36700 so we are expecting a fall from point C as per Harmonic Pattern and looking for the first target of 35000 and then 34000
Any upside above 37000 will negate our Harmonic Projection
Now we are at end of the March series still we are getting stiff resistance in zone of 36200 to 36700 range and clearing this seems tough for banknifty
So for April Series, We are using Harmonic Pattern for Projection.
We are believing that Banknifty will face stiff resistance near 36700 so we are expecting a fall from point C as per Harmonic Pattern and looking for the first target of 35000 and then 34000
Any upside above 37000 will negate our Harmonic Projection