BANK NIFTY range expansion on Friday at last.
On last Sunday I had published about bank nifty
about the probability of it's range expansion.
Last week range was NR7 .
and consecutively it has been trading in narrow range for the last 4 days.
I was expecting its expansion this week.
Today just before market opening mood was quite sombre
as world market view was not good at all. Dow had declined 500 points over night.
But in my premarket preview was if bank nifty trades above 35506 it will be positive.
To my surprise bank nifty started trading above that in the 1st hour itself.
I chalked out targets which were hit one by one.
On 27 the march post bank nifty closes was 35410 when I had posted in trading view.
Now its closing is 37148.Not it appears its break out has taken place again.
Don't forget to like my post.Follow me to get updates.Please see the attached charts
and updates
about the probability of it's range expansion.
Last week range was NR7 .
and consecutively it has been trading in narrow range for the last 4 days.
I was expecting its expansion this week.
Today just before market opening mood was quite sombre
as world market view was not good at all. Dow had declined 500 points over night.
But in my premarket preview was if bank nifty trades above 35506 it will be positive.
To my surprise bank nifty started trading above that in the 1st hour itself.
I chalked out targets which were hit one by one.
On 27 the march post bank nifty closes was 35410 when I had posted in trading view.
Now its closing is 37148.Not it appears its break out has taken place again.
Don't forget to like my post.Follow me to get updates.Please see the attached charts
and updates
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1st candle was from lower line of the channel. Bullish candle
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This is hourly pitchfork . determining the target perfectly.
