Sale banknifty for the target of 43600

May 22, 2023

Banknifty is trading in a flag pattern,,but now it's on their resistance levels. So chances are high bank nifty can come to test downside support levels. So this could be a short entry for around 300 points momentum..Right now it is trading 43925 and short from here and keep a small stop loss at 44150 and target we can see on downside 43700/43600/43550. MACD is going to bearish crossover very soon, RSI already shown bearish crossover. Price action and indicators all suggesting a bearish moment in banknifty. So if anyone wants to go short can go with given levels on chart.
Please follow strict stop loss and save your capital from wrong trade.
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Thankyou

May 24, 2023

Note

Awesome all target done..book profits. Enjoy

Jun 1, 2023

Trade closed: target reached