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krishna_rajput_options
Sep 25, 2021 6:07 AM

Bank Nifty might retrace till 37132 before achieving ATH Short

NSE:BANKNIFTY1W
Nifty Bank IndexNSE

Description

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I noticed a pattern and calculated the retracement point of BNF before it will reach ATH again.

I am a beginner and have limited knowledge.

This is just for learning!

Thanks
Krishna

Trade closed: target reached

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Trade closed: target reached

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ATH
Trend AnalysisChart PatternsBANKNIFTY
Comments
riotganeshk
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may be right ,may be wrong , first time retraced due to corona uncertainty, second time due to all time high breakout failure ,main reason is the 36883.20 breakout didnt retest 36214 (previous all time high) so its tough to retrace so much.
krishna_rajput_options
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@riotganeshk thanks! got more parameters to analyse.
krishna_rajput_options
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@riotganeshk, Target Done
riotganeshk
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@krishna_rajput_options, good,now all time high right?
krishna_rajput_options
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@riotganeshk, Chances, Yes
riotganeshk
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@krishna_rajput_options, i hope dow doest fall more or your all time high chances will take a blow ,gl for trades
krishna_rajput_options
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@riotganeshk, :D
riotganeshk
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@krishna_rajput_options, congrats done all time high ,keep it up
krishna_rajput_options
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@riotganeshk, :D
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