Nifty Bank IndexLong
BN ready for 12 percent positional move before budget 2024
Since pre covid level breakout in bn since ,every breakout attempts is followed by consolidation since 2021
Chart structure is still making higher high and consolidation range is narrowing with latest consolidation is least in all three with price at ATH.
BANK NIFTY READY FOR MANIC MOVE POST BUDGET AS MARKETS Always discount good news in advance,hence a rally could not be ruled out till 53k by Jan 2024.
Don't forget to manage your risk.
Sl one closing below 44500.
Chart structure is still making higher high and consolidation range is narrowing with latest consolidation is least in all three with price at ATH.
BANK NIFTY READY FOR MANIC MOVE POST BUDGET AS MARKETS Always discount good news in advance,hence a rally could not be ruled out till 53k by Jan 2024.
Don't forget to manage your risk.
Sl one closing below 44500.
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