omvats1

Bank nifty and pattern

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NSE:BANKNIFTY   Nifty Bank Index
price has already broken monthly and quarterly levels
an analysis with in the constraints of patterns and time
starting with my idea posted in the month of Feb'23( earlier very few taker but it gave the perfect support level and now could give a resistance level)
its a start will continue with additional comments and graphics
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idea posted on Feb'9
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pattern gave a perfect support level for the price and now giving showing a resistance level, i hv to redraw it find an actual position
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this was the zoom in of the above pattern posted on Apr'02
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price has broken few imp. candles ranges, which it has to respect
it would be better if broken by a new monthly candle, but breached
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still half month left, ic range may act as a resistance, otherwise it would be a strong momentum
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yearly
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monthly, important one
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price followed the range?
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price followed the range?
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price reached the monthly and quarterly targets?
Penafian

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