5 Steps Analysis of Bank Nifty
1. On Daily TF We can see that the Bank Nifty Tarde from last 2 weeks in very narrow range.
2. Currently Bank nifty traded at its major resistance area and major resistance at 44079 level, if it breaks then bank nifty showing strong strength for upside move
3. Relative Strength Index showing strength on daily, weekly and monthly basis.
4. From Dec.2022 to till date we can see on Daily TF CUP PATTERN Formation made on Bank nifty Chart & currently it sustain at resistance point with high volume so probability of upside move is high.
5. Powerful CUP Pattern Resolution Point is 44095 if it breaks then up side move can see at 44539 to 44855 levels in coming days.
1. On Daily TF We can see that the Bank Nifty Tarde from last 2 weeks in very narrow range.
2. Currently Bank nifty traded at its major resistance area and major resistance at 44079 level, if it breaks then bank nifty showing strong strength for upside move
3. Relative Strength Index showing strength on daily, weekly and monthly basis.
4. From Dec.2022 to till date we can see on Daily TF CUP PATTERN Formation made on Bank nifty Chart & currently it sustain at resistance point with high volume so probability of upside move is high.
5. Powerful CUP Pattern Resolution Point is 44095 if it breaks then up side move can see at 44539 to 44855 levels in coming days.