It seems Bank nifty is in Uptrend I have done a study on harmonic patterns.
As of now it is at the mid of CD leg so following things may happen...
1) If it sustain above 29412 then it may give a TGT 29550 , TGT 29825 , TGT 30170 , Final TGT 30625
2) Now if it start reversal from this level i.e. 29790 and breaks 28550 then we will get a TGT 27990
3) If It start reversal from 29790 level and breaks 28550 then we will get a TGT 27745
4) If it start reversal from 30200 level and breaks 28550 then we will get a TGT 27532
The probability reversal time zone is 26th to 27th December 2020
As of now it is at the mid of CD leg so following things may happen...
1) If it sustain above 29412 then it may give a TGT 29550 , TGT 29825 , TGT 30170 , Final TGT 30625
2) Now if it start reversal from this level i.e. 29790 and breaks 28550 then we will get a TGT 27990
3) If It start reversal from 29790 level and breaks 28550 then we will get a TGT 27745
4) If it start reversal from 30200 level and breaks 28550 then we will get a TGT 27532
The probability reversal time zone is 26th to 27th December 2020
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