Nifty Bank IndexLong
BANKNIFTY - Bottom in place ?
Updated
Multiple observations for Bank Nifty Daily Chart:
> Double Bottom Chart Pattern
> Bullish RSI Divergence
> Bullish Engulfing Candlestick Pattern
> 38.2% Fibonacci Retracement done from September Low of 20404.9
A break above today's high could take it to next falling trendline close to 34500.
(Not an investment advise)
> Double Bottom Chart Pattern
> Bullish RSI Divergence
> Bullish Engulfing Candlestick Pattern
> 38.2% Fibonacci Retracement done from September Low of 20404.9
A break above today's high could take it to next falling trendline close to 34500.
(Not an investment advise)
Note
Breakout confirmed.Note
A close above 31978 (Previous week's close) would be another sign.Note
Going pretty well.
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