Bank Nifty Weekly Analysis For 02-09-24 to 06-09-24
Bank Nifty Weekly Analysis For 02-09-24 to 06-09-24
50700-50800 is the Major Support for Next Week.
Bank nifty has given breakout of Downside Trendline that is holding the Downtrend Since 04/07/24.
XABCD Activated Previous Week. Change of Character(CHoCH) in 4hrs Chart.
Long Confirmation is Above 51550 for the Targets of 52000/52680.
Our View will be failed If Bank nifty comes below 50700 and index may go into a Range again.
View: Bullish to sideways.
50700-50800 is the Major Support for Next Week.
Bank nifty has given breakout of Downside Trendline that is holding the Downtrend Since 04/07/24.
XABCD Activated Previous Week. Change of Character(CHoCH) in 4hrs Chart.
Long Confirmation is Above 51550 for the Targets of 52000/52680.
Our View will be failed If Bank nifty comes below 50700 and index may go into a Range again.
View: Bullish to sideways.
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