BhaRuch

BhaRuch

Bank Nifty has had an amazing bull run since July. At present, it is at an important PRZ level (around 40350). Further upside will open up on two consecutive weekly candles closing above this level. If it does then it may well rally till around 42350 level where it is very likely to at least pause, if not reverse for a while.

BhaRuch

Aditya Birla Fashion NSE:ABFRLPP.E1 Futures CMP 285.55 Looking good for a target of 307 if sustains above 288. OR Looking good for a target of 255.8 if sustains below 269. March 2022 Futures levels. Daily chart. View for educational purpose only.

BhaRuch

As long as point B of Harmonic pattern XABCD is not taken out and sustained, there is a high probability that Nifty 50 is headed for 13800 levels in the coming days. It appears that Nifty 50 will buckle under it's own weight as Bank Nifty, which is the single biggest sectoral constituent of Nifty 50, does not look as bearish as Nifty 50. Even though if Nifty...

BhaRuch Updated 

On 12 April 2021, Bank Nifty futures tested the PRZ area on daily chart at Fibonacci level 0.886. It did so again on April 19 and 22. It has formed a Shooting Star candle on April 22 on the daily chart. This clearly indicates that Bank Nifty futures is not able to sustain momentum at the higher levels. There are two possible trades now: A) If Bank Nifty futures...