This is weekly chart.
This time too not willing to go beyond 38.2 retracement ment level as shown in the chart.
After june 2022 stochiastic has dipped in to over sold zone.
of course now bank nifty is at much higher zone than what it was in june2022.
Divergence is seen.
bank nifty may strike 23.6 retracement level in coming days.
Divergence is not the only factor.
please go through my other posts related to bank nifty
published in trading view.
you can find the logics there.
Connect with me for updates by liking this post and following me.
I had been tracking its down journey closely.
This time too not willing to go beyond 38.2 retracement ment level as shown in the chart.
After june 2022 stochiastic has dipped in to over sold zone.
of course now bank nifty is at much higher zone than what it was in june2022.
Divergence is seen.
bank nifty may strike 23.6 retracement level in coming days.
Divergence is not the only factor.
please go through my other posts related to bank nifty
published in trading view.
you can find the logics there.
Connect with me for updates by liking this post and following me.
I had been tracking its down journey closely.
Comment:
I have showed the target based on simple logic .
