Nifty Bank IndexUpdated BANK NIFTY CHANNEL FALL EXPECTED
AS YOU CAN SEE IT IS RESPECTING CHANNEL PLUS IT IS HAVING BEARISH DIVERGENCE WITH STOCHASTICS IN HOURLY CHART LETS SEE WHAT HAPPENS LET STOCHASTICS GIVE CROSSOVER AND COME BELOW 80
EVEN IF IT OPENS GAP UP OUT OF CHANNEL IT WILL EVENTUALLY ENTER IT AS STOCK CANT STAY OUT FOR LONG BUT IF CLOSES ABOVE CHANNEL LINE FIRST LET NEXT CANDLE BREAK HIGH OF 1ST THEN ONLY GO LONG
EVEN IF IT OPENS GAP UP OUT OF CHANNEL IT WILL EVENTUALLY ENTER IT AS STOCK CANT STAY OUT FOR LONG BUT IF CLOSES ABOVE CHANNEL LINE FIRST LET NEXT CANDLE BREAK HIGH OF 1ST THEN ONLY GO LONG
Note
just filled gap and may resume downtrend
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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.