Bank nifty after being in a good downtrend has given a weekly close with one of the highest volumes till any past week..very comparable to budget 2021…
As you can seen bank nifty is trading in a nice trading upwards channel..it has touched the previous support or swing high of pre Covid high, oversold in a channel and oversold in the smaller channel as shown by dotted lines
The best thing is, if you shift to HLC bars you can see the close is within the channel…expecting next week to head higher
As a stock market played,this is a great opportunity to buy banking stocks…for targeting last swing high of 41k
As you can seen bank nifty is trading in a nice trading upwards channel..it has touched the previous support or swing high of pre Covid high, oversold in a channel and oversold in the smaller channel as shown by dotted lines
The best thing is, if you shift to HLC bars you can see the close is within the channel…expecting next week to head higher
As a stock market played,this is a great opportunity to buy banking stocks…for targeting last swing high of 41k
