BANKNIFTY LOOKING POSITIVE (ABCD PATTERN COMPLETION)
It is been observed on the daily chart that the price action reaches to the strong support levels and completed a ABCD bullish pattern. It is indicative of an upward move ahead. It shall reach to 38.2% retracement of A to D leg.
Target (1): 18600
Target (2): 19000
Stoploss: 18100
Target (1): 18600
Target (2): 19000
Stoploss: 18100
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Reaching to Target 1Catatan
Yesterday, Target 1 of 18600 reached before we had a down fall. Now, we need a close above 18600 levels to go further above to 19000 levels. RegardsCatatan
We did close above 18600 levels, now it shall further move up to 18800-19000 levels. Regards
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