Bank Nifty Weekly Analysis for 28-11-22 to 02-12-22.

Bank Nifty Weekly Analysis for 28-11-22 to 02-12-22.
42636-42780 is the Weekly Support for Bank Nifty.
43200-43350 is the Resistance for Bank Nifty.
Weekly Candles in both the Indices(Nifty & Bank Nifty) are Bullish, but trading in Overbought Zone.
We may Expect 3 Possibilities this Week.
1. If Bank Nifty Tests Resistance(43200-43350) and Reverses, Targets on Downside are 42780/42450/42270.
2. If Bank Nifty Sustains Above 43400, Target on Upside is 43923.
3. If Index Tests the Weekly Support(42636-42780) & Bounces back, Targets on Upside are 43065/43200.

Transaction en cours:

Upside Targets Hit as per 3rd Point. Now any 1 of the remaining 2 points must happen in the coming days.