BANKNIFTY closing 40307.1 is bullish with stoploss 39740 then targets are 41712.
Reason.
1 --> Create a Outside Pattern on Daily Timeframe.
2 --> RSI is also show the Reversal.
3 --> -DMI is Going downside and +DMI is rise in ADX.
4 --> Closing Above 200 EMA.
Reason.
1 --> Create a Outside Pattern on Daily Timeframe.
2 --> RSI is also show the Reversal.
3 --> -DMI is Going downside and +DMI is rise in ADX.
4 --> Closing Above 200 EMA.
Comment:
Outside bar pattern active and now make a bullish move