n99trades

Bank Nifty Weekly Analysis 14-08-23 to 18-08-23

Short
NSE:BANKNIFTY   NIFTY Bank Index
Bank Nifty Weekly Analysis 14-08-23 to 18-08-23
Bank Nifty is now in Downtrend as per Daily/Hourly Chart.
Head & Shoulders Pattern is Formed in the daily chart and Index has given a breakdown and close below the neckline.
Below 44100, continuation of trend and the Targets are 43780/43380.
Above 45120, reversal of Trend and the Targets are 45580/45980.
44120-45120 is the Range for Sideways Market.
Verdict: High Probability trades is on Downside and View for the coming week is Sideways To Bearish.


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