Nifty Bank Study
Updated
Just like Nifty , Bank Nifty is also in a downtrend, the only difference being that Bank Nifty is weaker.
Bank Nifty has also made a Lower High Lower Low pattern. If it continues its downtrend , we should see a continuation of this pattern with 26100-26200 levels being witnessed soon. It may find some strong support at its 200 Day EMA which is also around 26100.
Bank Nifty has also made a Lower High Lower Low pattern. If it continues its downtrend , we should see a continuation of this pattern with 26100-26200 levels being witnessed soon. It may find some strong support at its 200 Day EMA which is also around 26100.
Note
Bank Nifty has hit the levels of 24800 today, giving us almost 8% returns from the recommended price.Trade closed: target reached
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