Currently bank nifty formed the raising wedge pattern
As per the pattern the it is showing there will 1000 points more for uptrend to complete the pattern..
Then after it is being expected for down trend for 2000 Points..
But as per my analysis, Nifty is showing uptrend ... if Nifty breaks 10500 then the next level support is 10200.
If bank nifty down trend then my analysis for nifty will become failure.. Any how Nifty target will be 11800 but it may take the support level of 10200 if bank pattern completed the pattern.
As per the pattern the it is showing there will 1000 points more for uptrend to complete the pattern..
Then after it is being expected for down trend for 2000 Points..
But as per my analysis, Nifty is showing uptrend ... if Nifty breaks 10500 then the next level support is 10200.
If bank nifty down trend then my analysis for nifty will become failure.. Any how Nifty target will be 11800 but it may take the support level of 10200 if bank pattern completed the pattern.