UnknownUnicorn4260559

Bank Nifty : Log Scale

NSE:BANKNIFTY   NIFTY BANK
BN's range on monthly log chart is getting narrowed which is now standing at 32000-24000. Risk to reward ratio is now skewed towards risk. Let's see how things pan out in next couple of months. On daily basis if it breaks 29400 then expect a deeper correction towards 28400 range with stop placed above 29750.
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.