Bank nifty is currently trading at support level as indicated in the image. Also, it has 9EMA monthly support which will be crucial.
Imperative to see if Bank Nifty respect these levels, otherwise, negative trend will emerge.
Dr. Reddy showing 2 chart patterns on weekly charts :
1. Symmetrical triangle
2. W-pattern (can you see it) or double bottom pattern
Wait for neckling break above 4960 on closing basis. TGT - 5400 on positional basis
#risinglows
#goodvolumes
This post is to analysis or predict the Nifty possible top in future.
On 13th Aug 2021, Nifty closed at 16529.
This analysing has been made on Nifty Monthly Chart from Nov'1998 to Aug'2021. I have tried to summarize the nifty movement in a "complete cycle" of Bull and Bear market.
Let's understand what is "Complete Cycle" means?
To begin with, I would like...
