After a constant bullish movement, smart money has been digested into this stock.
The resistance is now acting as support and will be a good bet for 1-2 months horizon.
Short term target of 525 and long term target of 580-600 with a quick Stoploss of recent low of 465.
ALERT Significant Increased holding by Mohnish Pabrai Investments.
Weakness due to rejection from supply zones+ bearish market outlook+ will take support at key FIB. retracements
Levels mentioned on the chart
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Weekly trendline resistance shows Bank Nifty cannot surpass these levels and will retrace FIB. levels.
Weekly expiry sets off tommorow, so book your profits today and enter short positions tommorow morning as there will a gap up opening
28200-28340 will act as support areas.