Bank nifty Positional view is very bullish for March month
1) Harmonic Pattern - Bullish Butterfly
Entry Levels - 41300-41500
Stop Loss - 40800
Target I - 42805~43035
Target II - 44950~45155
2) 20/100/200 Moving Average
The 100 EMA daily moving average is acting as a strong resistance.
If Bank Nifty breaks it then sharp bullish momentum is possible
3) RSI 46
1) Harmonic Pattern - Bullish Butterfly
Entry Levels - 41300-41500
Stop Loss - 40800
Target I - 42805~43035
Target II - 44950~45155
2) 20/100/200 Moving Average
The 100 EMA daily moving average is acting as a strong resistance.
If Bank Nifty breaks it then sharp bullish momentum is possible
3) RSI 46
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