BANKNIFTY SHORT
Downtrend
BNF failed to break & hold resistance of 21760.
Forming reversal pattern.
For some time may go to consolidation but expecting rapid downtrend
Target 1: 21400
Target 2: 21200
Target 3: 21000 (Strong Support) expect reversal around it
BNF failed to break & hold resistance of 21760.
Forming reversal pattern.
For some time may go to consolidation but expecting rapid downtrend
Target 1: 21400
Target 2: 21200
Target 3: 21000 (Strong Support) expect reversal around it
Trade active
First Target Reached 21400Trade closed manually
As BANknifty U turned from first target ...It may travel in channel & will make new highs in coming days ...
Very first rule of trading: follow the trend, trend is your friend
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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.