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Nifty Bank Index
Long

Banknifty heading towards 49000

84
BankNifty has recently undergone a retracement, bouncing off the 0.618 Fibonacci level. This retracement coincides with the emergence of a morning star pattern, a potential bullish reversal signal. The technical analysis suggests a favorable setup for an upward movement, with specific target levels indicated on the charts. Traders may consider monitoring these levels for confirmation of the anticipated upward trend continuation.
ShivamBhanot_TGS
Chart PatternsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTrend Analysis
ShivamBhanot_TGS

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.