Nifty Bank IndexLong
Banknifty Parallel Channel Time Cycle
What do you think? Will banknifty be able to repeat its time cycle?
Because 1 feb 2021 to 25 oct 2021 in Parallel Channel two times touch at upper level within 366 days (38 weeks).And then 25 oct 2021 to 13 jun 2022 falls 22.87%(9550) at Parallel Channel lower level.Again banknifty repeat the 1st cycle with same time period at lower level (13 jun 2022 to 13 mar 2023).Banknifty will be able to repeat its second time cycle which
target1-9550points
target2-56000 to 57000 banknifty level
Because 1 feb 2021 to 25 oct 2021 in Parallel Channel two times touch at upper level within 366 days (38 weeks).And then 25 oct 2021 to 13 jun 2022 falls 22.87%(9550) at Parallel Channel lower level.Again banknifty repeat the 1st cycle with same time period at lower level (13 jun 2022 to 13 mar 2023).Banknifty will be able to repeat its second time cycle which
target1-9550points
target2-56000 to 57000 banknifty level
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