NIFTYPHARMA
Nifty Pharma At 200D SMA. If Hold Then we see more upside.
In this 2nd chart we see that perfect touch 66% of last swing 14938 to 13005, is near 14281.
As per Ratio chart we see that 78.6% of last swing.
So Summary is that if Hold 200D SMA then we see More Upside in coming Days.
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BANKNIFTY
as per this 1st chart we see Nifty Bank Fibonacci level is near 50% 2 days tops.
As per Ratio Chart we see that after November-2021 1st time cross 21 & 34 EMA. with that we see last swing top falling trend line also cross.and fast rise compare to last fall from middle of December-2021.
So some more upside possible if cross 50% of last swing.
As per this chart we see that trade near 50-100D SMA. Last 2days continue close above all important Moving Average like 20-50-100-200. So some Upside Possible if Hold this SMA.
As per this chart we see that some Previous swing Top Bottom Resistance Level. 37500 to 38500 zone.
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