#BANKNIFTY Expecting a fresh ATH this week. Outlook for the week Nov 7- Nov 11, 2022. THREAD: Deconstructing BANKNIFTY on 4 different TF's.
#BANKNIFTY 1. Monthly TF: • Bullish view. At fresh ATH closing on monthly basis. • Looks very promising at higher TF. • Will outperform Nifty.
#BANKNIFTY 2. Weekly TF: • Expecting a C&H formation followed by a BO, we had discussed the same in our workshop on Oct 16, 2022. • Expecting a big move in BNF > 51k which will take several months. • Waiting for a confirmed BO, for exact targets.
Expecting this tgt 2 of channel BO to get achieved within few days. However once C&H BO happens, will share huge targets. https://x.com/niki_poojary/sta...
#BANKNIFTY 3. Daily TF: • After a two week pause at higher levels we will see a fresh BO.
#BANKNIFTY 4. Hourly TF: • S/R mentioned on the charts.
#BANKNIFTY The more the time a resitance is tested the weaker it becomes.
#BANKNIFTY Conclusion: • Monthly, weekly & daily TF BNF is bullish. • Clearly a Buy on dips market. • #SBIN declared stellar numbers, BO of C&H in this counter is also activated •BNF >51k which will take several months.