Bank Nifty - What Next? - Trend Change 24th march 2021

Studying Heiknashi Candle

Once Triangle pattern breakout and takes support then it will be good time to invest in bankings stocks. Top picks: ICICI, HDFC, AXIS, Bandhan Bank (Good Value), J&K Bank

• Trend Change Date 24th March
  

Comment:

Price has gone below the triangle and has taken support on 50 moving average. If this breaks then it can go further down or we can have reversals and trend change around 34000 levels. Wait and watch till 24th March as mentioned in the chart.

Comment:

Trade active:

24th March is just 2 days away...

Trade active:

I had given date as 24th March but looks like 23rd March it is showing good signs of reversal. Tomorrow should be even good? .. let's see...


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Trade active:

Looks like it has broken the below resistance and has taken support on 61.8% levels. We also need to watch 78.6% levels in Fib retracement. Happy Trading. Reversal will happen as per dates mentioned in the chart above.