Nifty Bank IndexShort
BREAKDOWN ALREADY RETESTED THE LEVEL
Disclaimer- This idea is being published only for educational purpose. Before trading you are requested to consult your advisor or on your own risk you may trade.
Breakdown as shown in chart from the level of 4186, Stop loss is 4186 and target is 41600, on daily time frame already bearish batman chart pattern is formed,India Vix is very low and on support it may bounce in upward direction from this level. Due to interest rate hike by US Fedral authority,and inflation, Global sentiment is negative. Probability of Bank Nifty further breakdown continuation is very high.
Breakdown as shown in chart from the level of 4186, Stop loss is 4186 and target is 41600, on daily time frame already bearish batman chart pattern is formed,India Vix is very low and on support it may bounce in upward direction from this level. Due to interest rate hike by US Fedral authority,and inflation, Global sentiment is negative. Probability of Bank Nifty further breakdown continuation is very high.
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.