BANK NIFTY TIPS

BANKNIFTY Performance chart:

Have you remember analysis on BANKNIFTY Chart? If Not, –> Click Here to see

I had mentioned that Bank-nifty already started to look for the 4th Wave.

From Support : 32.8% at 23003=23134 & 50% at 22327, The price can travel for the 5th wave which can be above the 3rd wave.

Our First Target has been achieved by BANKNIFTY. Reversal is ready!

I hope everyone has enjoyed our FREE SERVICE. 

Did You Remember TCS analysis? –> Click here to see

I had mentioned that investors will be more active at that particular time and told to buy and go for long.  On TCS  nearly 168 point bounce has come cheers everyone.

After the long time, we are updating free report here.

Daily TimeFrame:
Pattern name, Double top

• The prior trend was an uptrend.
• 2nd peak has less than 3% penetration compare to 1st peak which is valid for the pattern.
• Gap has seen in second peak.
• Neck Line is clear at 26576.
• A trough is rounded as per Double Top required.
• a decline in the second peak with accelerated descent
• Currently existed support at 28458 (resistance turned support).

After breaking 28458, we can see next level 27466 which is a retracement of 0.618.

All major supports and resistances are plotted on the chart from 2012 to 2020 with the strong and tight channel.

Here are two channels being seen in a large channel drawing a small channel inside a chart. A small channel having support which is sign for reversal at the support 28147(Resistance can be current support).

Shortly we will update exact entry level for subscribers.