Nifty Bank Analysis Accuracy Result & Future Analysis for September Expiry 2020

As Nifty Bank is underperforming from the last 21 days so on 19/9/2020 we shared a technical chart analysis on bank nifty and showing you the support and other important zones on the chart.

Now after two working days, you can check our analysis on the chart then you will find that Nifty Bank respects the technical study as drawn by our analysis. For the previous chart, you can click on the given link - https://investingbazaar.com/chart-study/is-nifty-bank-is-going-to-crash-nifty-bank-chart-analysis.php

And the latest chart is shared above for your reference. From both the chart you can check & compare the movement of Nifty bank from 19-9-2020 to 22-09-2020 which took support at those levels which we marked on the chart.

Future Analysis of Nifty Bank

Nifty Bank closed on 21139 (22-9-2020) if the level of 21000 breaks on a closing basis as also marked on the above chart i.e Final Strong Support. 

If somehow Final Strong Support breaks in the coming days then soon we will see nifty bank near to 20000 level or down. We mentioned the area below 21000 is Danger Zone Range. Up to Now probability of breaking 21000 level is higher whether it will come after one bounce, Or it respect final strong support and move up. Let's wait and watch.

 

 

Disclaimer: This Chart Study is based on the theory of technical analysis and personal observations. This does not claim for Profit & Loss. 
We are not responsible for any profit or losses made by traders and investors. It is only the outlook of the market with reference to its previous performance. 
All information is a point of view and is for educational and informational use only. All Judicial you are advised to take your position with your sense and judgment.