Banknifty Bearish Harmonic Pattern _Both side moves possibleHello everyone,
yesterday there was pullback in banknifty around 800 points but pullback fail as volume not supported and the multiple resistance at 51000-51200 with bearish harmonic pattern banknifty fall again around 700 points from high.
bearish trend can continue if banknifty breaks below 50200 another 1000 points fall can possible breaking above 51200 only upside posssible.
and Non Directional range is 50000 to 51000.
Bakniftyprediction
Banknifty 31st march 2023Vix is on 19.02 - in Neutral Zone.
Nasdaq - Bullish
S&P500 - Bullish
Dow Jones - neutral like vix.
You can expect the market to be bullish but we might see a fall for the support because gap opening will be able to sustain for longer time because it is huge.
MAKE SURE T VIEW MY CHART IN 5 MIN TIMEFRAME.
My views is for educational purpose.