BankNifty February 2021 Analysis 1. Fib retracement from 0(31445) to 1(34652) was achieved target 1.618(36615). 2.Fib retracement 0(34265) to 1(36615) will be expecting 1.618(38067)! Retracement will be expecting 32834.
BankNifty February Analysis 1. MACD crossover in 1 hour 2. RSI Divergence
The Dow theory is a financial theory that says the market is in an upward trend if one of its averages (i.e. industrials or transportation) advances above a previous important high and is accompanied or followed by a similar advance in the other average.
Expecting Banknifty behaviour Jan 2021
Banknifty above 32430 Bullish view upto 33135 Banknifty below 32000 Bearish view upto 31510
Banknifty Triangle pattern Upper target 30580 Lower target 28900
BankNifty Future is in uptrend Target 30580 Banknifty Continuously 3 days increasing and next day(4th day) falling. Banknifty moving in Channel Pattern.
Exactly Fallen to 0.6 Fib line
If Banknifty future (23rd November) will open above 29370 then Buy it.