In Weekly Chart the Script was reached its Resistance level of 2800 Levels and closed around 2760. As per the chart its formed inverted H&S Pattern and parallel Channel.
In Daily TF, the script was reached the resistance and has been consolidating at resistance But When we saw the 1hr TF the script was already had broken the 1hr trendline and its was in the breakeven point.
Also the EMA50 and EMA79 was acting as resistance in 1hr TF and EMA79 & EMA50 act as support at the level of 2580-2620.
Hence as trader the script was not in the area of Value and let us wait till the script reaches around Daily Dyamic Support of EMA or 2565-2525.
Narration:
Script has bullish view for next few months. Target - 3150-3180 Buying Zone: 2620-2520 SL - 2450 (On Closing Basis)
will yes bank increase to 24 or higher now or soon in a week or two.?? Any chance to cross 30 near or its dead no more chance to bounce and rise again to investors confidence.??