Nifty Bank IndexLong
First signs of dominance from India!💪
Chart -> Nifty Bank Weekly
Whereas other indices, including the developed world, are struggling to find bottoms and change the downtrend, our Nifty Bank has given an All-Time High Breakout!
A cup and handle breakout at an all-time high has been formed. Let's go with the textbook only, the target will be the depth of the cup and SL will be close below the handle.
CMP: 42,137
Target: 51,500
SL: 38,600 weekly close
Whereas other indices, including the developed world, are struggling to find bottoms and change the downtrend, our Nifty Bank has given an All-Time High Breakout!
A cup and handle breakout at an all-time high has been formed. Let's go with the textbook only, the target will be the depth of the cup and SL will be close below the handle.
CMP: 42,137
Target: 51,500
SL: 38,600 weekly close
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.
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.