Banknifty has given breakdown out of the Triangle Pattern in 1 HR time frame.
Also, the Market seems to continue the sell on rise strategy.
Any retracement towards upside should be utilised in more selling.
SL should be put on sustaining basis rather than price just touch SL and come down rapidly (If happens).
Entry and Target are mentioned in the chart.
Also, Nifty and Sensex have already made classic M pattern supporting banknifty to go down. Same has already been discussed in my YouTube Video published on my channel "SMARTSTOCKINSIGHT" on 4th November.
Feel free to discuss any doubt in comment section.
Note: This analysis is for Educational Purpose Only. Please invest after consulting a professional financial advisor.
Also, the Market seems to continue the sell on rise strategy.
Any retracement towards upside should be utilised in more selling.
SL should be put on sustaining basis rather than price just touch SL and come down rapidly (If happens).
Entry and Target are mentioned in the chart.
Also, Nifty and Sensex have already made classic M pattern supporting banknifty to go down. Same has already been discussed in my YouTube Video published on my channel "SMARTSTOCKINSIGHT" on 4th November.
Feel free to discuss any doubt in comment section.
Note: This analysis is for Educational Purpose Only. Please invest after consulting a professional financial advisor.
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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.
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.