What an amazing analysis we’ve done last done last day! Though BANKNIFTY had been struggling through the day, NIFTY was holding strong and moved over 1 percent with 150++ points upmove from our given level
Now BANKNIFTY is trading at real crucial level as BANKNIFTY closed being sideways and has formed more the W pattern at bottom which shows the signs of reversal and hence we can initiate new buying position as the high of last trading day is taken out which is around 36560, it would not only break the W pattern neckline but also break the long trendline which it had been following since last month
Now BANKNIFTY is trading at real crucial level as BANKNIFTY closed being sideways and has formed more the W pattern at bottom which shows the signs of reversal and hence we can initiate new buying position as the high of last trading day is taken out which is around 36560, it would not only break the W pattern neckline but also break the long trendline which it had been following since last month