Critical time ahead for Banknifty

Trendline has been broken on weekly closing basis.

BankNifty may go side ways or it may correct in upcoming days if it fails to close above 26000 next week.

Also 26000 is the Fib 50% retracement of the last trend..

Note

Not a good sign.. More pain ahead..

Note

I think its time for pull back.. Can see 26000 soon..

sirlaxmanagarwal

Also on:

sirlaxmanagarwal

Also on:

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.