BANK NIFTY will the rally continue?
Güncellendi
Forgetting of the fundamentals such as soaring inflation,tightening of monetary policy etc
Looking at the technicals and chart,even after recovering the 78.6% of fall from 41829 october high to 32155 in march low
Bank nifty is not willing to stop.
It appears to be the best performing index in th world.Recent upgradation of public sector banks by rating agencies fuelling the rally.
Recent formation of abadoned baby(island reversal) candle stick pattern on wedness day was followed by green candle yesterday.
the targets are shown on the chart.But be careful if bank nifty closes below the uml on closing basis(that will be the stop loss)
50 dma has crossed 200 dma from below and 20 dma has crossed both 50 dma and 200 dma from below.
This is very positive sign.
this is my study not any trading recommendation.
follow me to get updates.
Looking at the technicals and chart,even after recovering the 78.6% of fall from 41829 october high to 32155 in march low
Bank nifty is not willing to stop.
It appears to be the best performing index in th world.Recent upgradation of public sector banks by rating agencies fuelling the rally.
Recent formation of abadoned baby(island reversal) candle stick pattern on wedness day was followed by green candle yesterday.
the targets are shown on the chart.But be careful if bank nifty closes below the uml on closing basis(that will be the stop loss)
50 dma has crossed 200 dma from below and 20 dma has crossed both 50 dma and 200 dma from below.
This is very positive sign.
this is my study not any trading recommendation.
follow me to get updates.
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for regular updates from me ,please like my post.
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