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Nifty Bank Index
Short

Banknifty Rejection from psychological level with narrow CPR

95
Today Narrow CPR has formed and whenever
narrow CPR formed then most of time market
is trending. This was 1st conviction to trade
breakouts/breakdowns.

The 2nd conviction to sell was that price opened
below40500 PSY level and rejected twice from it.
So after breakdown entry should be triggered.
tradetraps
Also on:
BANKNIFTYbankniftyanalysischartChart PatternschartpattrenTechnical IndicatorspsychologicalroundnumberpsychologytechincalanalysistechnicalindicatorstradytalesTrend 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.
BANKNIFTYbankniftyanalysischartChart PatternschartpattrenTechnical IndicatorspsychologicalroundnumberpsychologytechincalanalysistechnicalindicatorstradytalesTrend Analysis
tradetraps
Also on:

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.