Bank Nifty weekly Analysis For 12-06-23.
Bank Nifty weekly Analysis For 12-06-23.
Bank Nifty created a Double top in daily timeframe.
Bank Nifty has also given a breakout of the current upside trendline which is holding this trend since April.
The 1st and High Probability trade is, If Bank Nifty Breaks 43700, we may see more Fall and Targets are 43480/42780.
Logic: XABCD Activates below 43700.
The 2nd Probability is, Bank Nifty may again go in to a range(Sideways Market) between 43700-44500.
A Trending on Upside is Possible only Above 44500.
Bank Nifty created a Double top in daily timeframe.
Bank Nifty has also given a breakout of the current upside trendline which is holding this trend since April.
The 1st and High Probability trade is, If Bank Nifty Breaks 43700, we may see more Fall and Targets are 43480/42780.
Logic: XABCD Activates below 43700.
The 2nd Probability is, Bank Nifty may again go in to a range(Sideways Market) between 43700-44500.
A Trending on Upside is Possible only Above 44500.
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