Stock_TechPro

Banknifty is showing flag pattern

NSE:BANKNIFTY   NIFTY BANK
Banknifty Index is showing a flag pattern . But we are on the top side after such a huge bullish movement, any kind of retracement can be seen if we close below the support area as shown in the chart. As far as many of big announcements or important events have passed away. One can stay away from the market and take the trade after even side of breakout.
Comment: yash_dx2010
Hey.... Close the position if you have because you have chosen OTM calls and they may expire worthless 95% of the time

Comments

Can you tell about the trend for 36600 and 37000 CE for tomorrow?
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Negitive trend continues 📉
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