BANK NIFTY shows strong support at 27800. 27800 level is very strong due to multiple support levels are in the same region. BANK NIFTY expected to move into retracement zone and reach target mentioned below. Price movement marked in charts.
Price will touch 28000 then bounce back to target. The ideal place to buy call is around 28000
Target 1: 28908
Weekly Supertrend in the green = bullish
Daily William%R coming back from oversold range = bullish
Stock bouncing back from 50% retracement level = bullish
ADX above 30 = momentum
Buy with a stop at 541 for the target of 640 and above