PITCHFORK ANALYSIS FOR BankNifty SPOT- LONG VIEW STARTING TODAY

Long

Nifty Bank Index (NSE:BANKNIFTY)

Mis à jour

NSE:BANKNIFTY Nifty Bank Index

trendanalysis indicator chartpattern bankifty

Using Pitchfork analysis on a daily timeframe it is evident as everyone can see that we have taken support from the bottom line of the pitchfork. Since it is a green candle now our first target(44500/45000) will be the middle line and stoploss would be closing below the bottom-line (42970) of the pitchfork.

Commentaire:

Since we had closing below the pitchfork bottom line we can disregard the upmove

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