Muthu1501

BANKNIFTY Trend Analysis Next week monday possible Fall ?????

Short
NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY
1. primay trend line not breakable 3 rd time fail last 2 selling pressure
2. weekly closig same high closing chance for selling
3. 2 days side way price movementum consolidation zone / long unwinding
4. today also not break resistance sellling presssue price movement , seller inside coming the markert initimation
5. bearish butterfly Harmonics pattern formed and price action move going down side fall today
6. next target down side demand / supply zone good
7. break the primary resistance line confirmation of bulish sentiment after buy entry
8. minor trend line supply line confimation down side up move
Comment: Harmonics patttern just take refertance only

Comments

Please don't make harmonic patterns if u don't know! Atleast don't make wrong patterns! Thankyou
+2 Reply
Muthu1501 Kikuvin
@Kikuvin, im mostly not using harmoincs pattern just reference dude major use price action only bro
+1 Reply
Sripaljain Kikuvin
@Kikuvin, bank nifty forming bearish shark pattern?
Reply
Muthu1501 Sripaljain
@Sripaljain, almost correct but i take just referance
Reply