Bank Nifty at a Crucial JunctureBank Nifty on the daily charts has broken pitchfork resistance but pushed back by daily resistance.
A Valid Breakout above the daily resistance will lead to further uptrend.
Trade as per price action.
Andrewpitchfork
LT Food-Not at all a Bad food for the Bear market..!NSE:DAAWAT Pitchfork Play + Kumo cloud support + expected formation bull Gartley/Bat + Support from the weekly pivot and ML pitchfork+ projectile to outer ML of Pitchfork/0.618XA of the harmonic in formation/R1 resistance by traditional system...
Also note the 200MA (daily)(this is a weekly chart so using 40 as data to match the same) is moving to intercept our bounce levels where it is expected to support the price action for the oncoming projectile throw..
Disclaimer... Invested with occasional trading... This is not a time bound analysis.... This is not an investment /trading advice..
