- Possibility of a short pull back before resuming downward journey 250 levels ?
- Although Bank has declared elevated provision, due to Covid Wave 2, market might factor Q1 FY22 results in advance and hence good chance to hit 250 levels and then be range bound between 250-300 levels
- 250 levels is a good zone to start accumulation
- This study is for medium to...
1) On a weekly chart, as depicted in the chart, looks like BN is getting ready for Right Shoulder formation
2) It has taken 30 bars to complete the Left Shoulder, hence my assumption it will take more or less the same time to complete the Right Shoulder
3) As it is depicted on the chart analysis - multiple analysis are forming confluence towards 26000-26500 zone....
