Bank Nifty has completed its range of accumulation and is headed for a rally to approx. target of 60k (most likely in strength by this quarter).
The Index was in Spring pad at 13th March,
Broken the Stride at 18th March
24th March was entering into the accumulation zone again in strength,
this all started with a Preliminary Climax price texture on 4th June, followed by a buying climax on 27th June, then an automatic reaction largest to its other price texture which completed on 6th August
a Terminal shakeout from 6th Jan to 11th March, Volume is Increasing on Rallies and reducing on Reactions
A Potential Target of 60,000 is on Cards, won't be surprised if this happens in the coming 2 months too
The Index was in Spring pad at 13th March,
Broken the Stride at 18th March
24th March was entering into the accumulation zone again in strength,
this all started with a Preliminary Climax price texture on 4th June, followed by a buying climax on 27th June, then an automatic reaction largest to its other price texture which completed on 6th August
a Terminal shakeout from 6th Jan to 11th March, Volume is Increasing on Rallies and reducing on Reactions
A Potential Target of 60,000 is on Cards, won't be surprised if this happens in the coming 2 months too
Note
Just for Research and Analysis purposes, this isn't any trade or investment advise 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.