Showing bullish for intraday. Formed Bullish Gartley Pattern on 15 Min Chart
PRZ 31000 as Banknifty Forming Bullish Shark Pattern on 1 Hour Chart
Simple NIFTY Analysis: The NIFTY has given Trendline Break down. It has Next Support level on 11114. As per Fibonacci Retracement levels, NIFTY's 1st Target is 11059 and 2nd Target is 10814.
On 15 Minutes chart It has broke the Today's high. Target for Banknifty is 30930
Index made head and shoulder pattern breakout on upside and at its lifetime high. As per the Golden ratio using Fibonacci Extension Target will be 27820.
As per Derivative Data Long Buildup observed into M&M, It is on Support zone as per Regression Trend and Past Data. CMP : 397 Target is 438 Stoploss : 378