Nifty Bank IndexShort
42800 possible in banknifty
Dear Traders,
Upon analyzing the provided chart, it is evident that the Bank Nifty has recently experienced a breakdown of its lower trendline. This occurrence indicates a high probability of long unwinding, which in turn suggests a significant decline in the Bank Nifty by approximately 1600 points in the coming days. It is essential to plan your trades accordingly, taking into consideration this potential market movement. Additionally, it is prudent to exercise caution and avoid risking more than what you can afford to lose.
Do follow me for more trade ideas and analysis.
Upon analyzing the provided chart, it is evident that the Bank Nifty has recently experienced a breakdown of its lower trendline. This occurrence indicates a high probability of long unwinding, which in turn suggests a significant decline in the Bank Nifty by approximately 1600 points in the coming days. It is essential to plan your trades accordingly, taking into consideration this potential market movement. Additionally, it is prudent to exercise caution and avoid risking more than what you can afford to lose.
Do follow me for more trade ideas and analysis.
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.
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.