Kaustubh

BANKNIFTY Inflection point

NSE:BANKNIFTY   NIFTY BANK
As in the recent frenzy of bullishness it is sometimes easy to lose a grip over markets and just follow the herd.
Nice wedge forming on the banknifty .
If it manages to break below 220000, I think we should see a fall of 2000 points to 20000 in relatively quick time.
WAIT FOR CONFIRMATION. This is not an entry signal yet

Comments

This trade is active now. Banknifty has clearly broken below the wedge.
T1 21000 T2 22000
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