Bank Nifty Weekly Analysis For 23-09-24 to 27-08-24

Bank Nifty Weekly Analysis For 23-09-24 to 27-08-24
Bank Nifty Weekly candle is a Strong Bullish candle and closed above it's previous ATH.
As per ABCD pattern, the Projection for next Impulsive move for Bank nifty is 57042 which we may see in next couple of weeks.
Above 54100, Long Bank nifty for the targets of 54800/55600/57050.
52700-53000 is a major support for Bank Nifty.
If Bank Nifty gives a pullback and tests support, Long from Support for ATH and above Targets.
Short only below 52700 for 52080/51680.