Bank Nifty : +500 to +1000 points Upside Potential

Followup chart

01 Dec 2022
Bank Nifty is trading above the previous ATH of 41840, 42700 is acting as a good support, which is also the zone of HL trendline.
In Play : HH:HL

Summary :
- CMP 43231
- BO with good volume(closed below BO)
- Huge VP activity seen in 42800-43245 zone
- TL support
- PC support

Conclusion :

Following what the price is showing is always a good idea in stock market, we will do the same, trade can be planned for higher targets of 43842 to 44250.
Position can be held till the price is holding the trendline in simple terms, we can see a reaction in the second target zone of 44250 which is placed +1008 points,

Wish You Happy & safe trading

Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.

"Always Respect Risk"

Happy Trading
Jai Hind Jai Bharat

Comment:

Pre Market 06 Dec 2022