There was a gap up opening. Chances of reversal up to the levels.
Trading inside a parallel zone. Volume is declining, bleak chances of breaking the resistance.
May hit the target and reverse or go down. Next movie will depend on the optimism/pessimism of the market on the economy.
There is an increase in overall volume. Combining it with a move above the moving average supports the analysis.
Mentioned in the chart. Can hit the possible target in 2 ways. Keep SL accordingly.
The nifty bank formed a "double bottom". Possible next trend is bullish with strong bullish volume to break the neckline. T: 20642.29 There should be some consolidation zones in between while reaching this target.
At the bottom of the parallel channel. High reversal chances.
Keep SL wisely. On 11th March there was a big gap down opening. Have been trading in the same zone, but at the same time strong upward move. That's why 2 probable roads for the next target.