hi
it is a weekly analysis of BANKNIFTY and we can see the retrace on the price due to Covid-19 is now close to 50% Fibonacci level and it can have a touch on 61.8% too and then a big reversal and it will touch the 100% of Fibonacci expansion
we can notice a divergence in MACD too which is an other reversal sign
and when combined with Fibonacci levels we can see we will face a big boost in the business post Corona Crisis
market may be renege for sometime but the ultimate move is
it is a weekly analysis of BANKNIFTY and we can see the retrace on the price due to Covid-19 is now close to 50% Fibonacci level and it can have a touch on 61.8% too and then a big reversal and it will touch the 100% of Fibonacci expansion
we can notice a divergence in MACD too which is an other reversal sign
and when combined with Fibonacci levels we can see we will face a big boost in the business post Corona Crisis
market may be renege for sometime but the ultimate move is
Trade active:
we are on a rally...
Trade closed: target reached:
closing at 36300
