Hi there. We can see a good move in both sides in Bank Nifty. For the upcoming week, if BN sustains above 34800, we can go long with the gap and other provided levels.
In case BN spends time near 34800, make sure to look for some reversals here for the provided levels for down side.
However, BN can be range bound between 34000 and 34800. The provided levels are...
we can see a ascending traingle pattern formation on 15M time frame.
if the price breaks PDH(34800) we can go long with targets of 34000 and 34200.
if price break the level of 34400-34350, this will formate a double top pattern, resulting in subsequent fall with targets of 33100 and 33000 as well.
