piyushrawtani

BANK NIFTY More Correction Expected

Short
NSE:BANKNIFTY   Nifty Bank Index
Shared Bank nifty few days back as it might test support level of 28,400 . TGT about to achieve .
Sharp selling can be seen and it formed a head and shoulders pattern and broke the neckline , retested and now falling more .
If it falls below 28,400 , next target can be 27,700 which is next support level and measured move of approx height of the H & S pattern .

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.