ajinkyaghadge52

Bank Nifty 1Month . Correction may continue

Short
NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty has reached the trendline and is showing reversal for further correction.
the pattern is an old forming pattern from 2014
So reliability is more.
In order for Banking stocks to rally further it may test the trendline drawn and then trade within zones.
Also additional emphasis long positions are non sustainable for now so shorting seems like an option. BANKNIFTY
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.