bbrijesh

Bank Nifty @ Do-or-Die Level

Short
NSE:BANKNIFTY   NIFTY BANK
* Do-or-Die level is 18,100 (Green line)
* Bearish Candlestick @ 23.6% Fib retracement
* Andrew's Pitchfork

Bears can go short on break below 18,100

Comments

Great pitchfork analysis brijesh bhai.18150 still holding strong on closing basis....

This is also BN Gann support.
Reply
Very good Analysis, moreover whenever price falls below ML before stopping there mostly it comes to retest the ML from below and that triggers the trade. It is the case here but some apprehensions are listed below
a. this retest should happen generally within 3 trading sessions.
b. 18000 seems strong support so far.

Do-or.Die- Perfect title.
Reply
bbrijesh praveen.bhatiya
@praveen.bhatiya, Interesting
Reply
O.K.
Reply
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