1000 point in Bank Nifty in the Week of 13th Feb 2023
RSI is going for a retracement to the yellow line.
There is a down trend line on the daily and weekly TF which in high probability Bank Nifty should fill in this week (week of 13th Feb to 17th Feb 2023). This space is roughly 1000 points and hence a high chance of a single weekly candle. Rough ATR is 1300 points.
Also, considering that the last week weekly candle is a doji , a breakout candle of atleast 1000 points is expected.
Target High=42500-42550
There is a down trend line on the daily and weekly TF which in high probability Bank Nifty should fill in this week (week of 13th Feb to 17th Feb 2023). This space is roughly 1000 points and hence a high chance of a single weekly candle. Rough ATR is 1300 points.
Also, considering that the last week weekly candle is a doji , a breakout candle of atleast 1000 points is expected.
Target High=42500-42550
Trade fermée manuellement
Trend reversed at 41979 and did not continue to 42500. Hence closed trading.
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