BANK NIFTY forms higher high and higher low.
1 After so much over lapping it has clear higher high in daily time frame.
20 I t tried to cross the channel line but could not succeed again retraces back in to the channel.
3)After achieving recent high on 16/02/2021 its selling took place continuously and fall was arrested at
on 19/04/2021.
3) Its recent rise from19/04/2021 till date comprises over lapping of waves unlike nifty.
In nifty we don't find such overlapping we see clear uptrend.
4) Bank nifty has more to do to prove its impulsive ness ,it does not appear to me its impulsive wave was started from 19/04/2021.
5) Bank Nifty has to rise at a faster rate than nifty in reality what it does let us see.
6) Next target of bank nifty is shown as target 1 that is 35810 high formed on 04/06/2021.
7) It appears it may touch that high soon and if it crosses that high it may rise further..
8) don't forget to like my post, Follow me to get updates.
s
20 I t tried to cross the channel line but could not succeed again retraces back in to the channel.
3)After achieving recent high on 16/02/2021 its selling took place continuously and fall was arrested at
on 19/04/2021.
3) Its recent rise from19/04/2021 till date comprises over lapping of waves unlike nifty.
In nifty we don't find such overlapping we see clear uptrend.
4) Bank nifty has more to do to prove its impulsive ness ,it does not appear to me its impulsive wave was started from 19/04/2021.
5) Bank Nifty has to rise at a faster rate than nifty in reality what it does let us see.
6) Next target of bank nifty is shown as target 1 that is 35810 high formed on 04/06/2021.
7) It appears it may touch that high soon and if it crosses that high it may rise further..
8) don't forget to like my post, Follow me to get updates.
s
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