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milanvachhani70

Banknifty at Resistance level

Short
Nifty Bank Index (NSE:BANKNIFTY)  
milanvachhani70  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Wave Analysis BANKNIFTY bankniftytrend short
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trendanalysis chartpattern waveanalysis banknifty bankniftytrend short
on a weekly chart Bank NIfty is at the resistance level

From so long Bank nifty is moving in parallel channel. If It follows the same trend then possible to have big downward move.

Sell BankNifty Future or Buy PE of December Monthly expiry.
Even Daily RSI is also in Overbought Zone.
Just my view.

Happy Trading.
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