BANK Nifty Past 10 Years Historical Data Back test
*Bank Nifty have made 5 Red and 5 Green Candles.
* Showing no Correlation with pervious month
* Mostly Every DECEMBER month Have formation of doji candlestick.
* possibly if November close above then new high will be seen in December.
/ else will be in range between 27700 to 29700
Note: This is for educational purpose only.
There is a hammer at support in hourly chart of Bank Nifty. RSI is at 25 which shows oversold. Expecting a bounce back.
Chart structure looking weak , expecting sharp fall below red line
green line will be the next target !
.
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
Support of the day - 20750
Resistance of the day - 21310
Trading always has to be handled with realistic Analytics and based on our research we are providing levels.
Other details will be soon sent out.
We stress working on a stress free trading experience for trades to make happy. More analysis will follow soon.
Nifty as usual forming HH and HL, but onto wave form pattern we can see a downtrend and my analysis says that the downtrend is made on the inverse penant pattern with Elliot waves. Short below 9291 with SL 9367 (76 points) with targets of 9250 9110.
