Bank Nifty Weekly Analysis For 18-12-23 to 22-12-23
Bank Nifty Weekly Analysis For 18-12-23 to 22-12-23
46520-46840 is the major Support Zone for Bank Nifty.
In Daily Chart, as per XABCD Pattern, Bank Nifty is moving towards 49000.
If Bank Nifty Sustains above 48220, more Upside and Targets are 48500/48909.
If Bank Nifty Corrects & Tests Support Zone, Will check for a W Pattern in lower timeframe
near Support and Plan a Long From Support.
Short Position only Below 46500 for the Targets of 46080/45480.
Verdict: Sideways to upside.
46520-46840 is the major Support Zone for Bank Nifty.
In Daily Chart, as per XABCD Pattern, Bank Nifty is moving towards 49000.
If Bank Nifty Sustains above 48220, more Upside and Targets are 48500/48909.
If Bank Nifty Corrects & Tests Support Zone, Will check for a W Pattern in lower timeframe
near Support and Plan a Long From Support.
Short Position only Below 46500 for the Targets of 46080/45480.
Verdict: Sideways to upside.