BitonGroup

BANKNIFTY weekly analysis (LONG)

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NSE:BANKNIFTY   Nifty Bank Index
hi
it is a weekly analysis of BANKNIFTY and we can see the retrace on the price due to Covid-19 is now close to 50% Fibonacci level and it can have a touch on 61.8% too and then a big reversal and it will touch the 100% of Fibonacci expansion
we can notice a divergence in MACD too which is an other reversal sign
and when combined with Fibonacci levels we can see we will face a big boost in the business post Corona Crisis
market may be renege for sometime but the ultimate move is
Trade aktif:
we are on a rally...
Trading ditutup: target tercapai:
closing at 36300

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