Bank Nifty Update for 26th October 2021

26 Okt 2021

BANKNIFTY
Bank Nifty Update for 26th October 2021
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BANKNIFTY INDEX has outperformed NIFTY
and is trading on ALL-TIME-HIGH levels.

Index is continuously making higher highs & now has formed HARMONIC ABCD pattern.
Here's the trade setup for today:

For buying:
The pattern will be activated above 41,800 and a bullish momentum will be seen if the price sustains above it.

Possible targets on the upsides are 42,000/42,200/42,400/42,600

For Short:
Short will only be activated below 41,000 levels

Trade setup
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Key support is: 41,000
Key Resistance is: 41,800

Trade Accordingly!