BankNifty Analysis!! Bull Run Started??
Updated
BankNifty Analysis on Weekly Timeframe
BankNIfty has given a Breakout to it's Resistance level as well as it's Resistance Trendline. We have seen the bull run int the last 2 Weeks. BankNifty rallied very interestingly after Breakouts to it's important levels. We can see further upmove in the BankNifty if this rally continues.......
Targets- 1) 43099.85 2)43582.80 3)44161.60
Disclaimer= All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
BankNIfty has given a Breakout to it's Resistance level as well as it's Resistance Trendline. We have seen the bull run int the last 2 Weeks. BankNifty rallied very interestingly after Breakouts to it's important levels. We can see further upmove in the BankNifty if this rally continues.......
Targets- 1) 43099.85 2)43582.80 3)44161.60
Disclaimer= All my analysis are for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2)Do your own research and analysis 3)Define your Risk to Reward ratio 3)Don't trade with full capital
Trade active
Target 1 has Reached and candle closed above itTrade active
Target 2 has Reached and BankNifty is trading above itTrade active
Banknifty closed above Target2. Soon will Reach Target 3.Note
Important Resistance Level in BankNifty!As we can see, our 2 Targets has been reached!
Note
Target 3 has achieved and BankNifty is trading at All Time High!Note
Target 3 has reached and Banknifty is Trading around it's All Time High levels!Trade closed: target reached
All Targets has been reached successfully as per our Analysis!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.