Bank Nifty seems Bullish on chart, having so many bullish triggers. Details are mentioned in chart.
Volume increases continuously, breakout of approx. 10 years. Looks bullish on chart.
View is for education purpose only.... Observations as per chart- Trading above 50 MA i.e in Up-trend; Inverted Head & Shoulder shows bullishness. Preferable: buy on dips near 46/47 for target 55/56
Sharing my point of view for education purpose only. View on last 3 trading sessions: Downside, Upside & finally a consolidation. In last trading session, a sharp recovery can be seen in just few minutes. This shows there is still strength in index..Hoping for gap-up opening on Monday.
For education purpose only... Perfect Head & Shoulder Pattern (Bearish Pattern MACD line crossing below "0" line.
Bullish view for next trading session on N50... Reason behind view are as follows-- Multiple Candle stick Pattern: Three White Soldiers. Falling Wedge Pattern which indicates downtrend is losing strength, resumption of uptrend. Breakout Level is 14865. Breakdown Level is 14240.