Bank Nifty weekly Analysis For 24-07-23

Bank Nifty weekly Analysis For 24-07-23.
Bank Nifty Trend as per Daily/Hourly Chart is Bullish(But on Dips).
Above 46300, Continuation of Trend i.e Current Uptrend Will Continue and Targets are 46600/46800.
Logic is Above 46300, ABCD Activates and the Target is 46810 which is act as PRZ(Potential Reversal Zone).
Below 45900, Reversal of Trend and Targets on Downside are 45780/45618.
Logic is Below 45900, XABCD Activates And Target is 45618 which is act as PRZ.

Trade closed: target reached:

Both Targets Hit on Downside