Nifty Bank IndexShort
Triple Top Chart Pattern IN BANK NIFTY ?
Triple Top in Bank Nifty? Please observe carefully.
Upon broadly looking at Bank Nifty and its components, such as HDFC, ICICI Bank, SBI, IndusInd Bank, Axis Bank, and Other PSUs etc.. it is evident that many have begun forming lower lows or transitioning from an uptrend to downtrend. This indicates a bearish structure.
By observing Bank Nifty closely and considering the mentioned points and levels, an early Entry for shorting @ 50900 level. If the price rebounds to 51275, it presents an opportunity to add more quantity.
Most of the levels are mentioned in the chart. Please refer to it and share your feedback in the comments. If you disagree, please feel free to ignore.
Upon broadly looking at Bank Nifty and its components, such as HDFC, ICICI Bank, SBI, IndusInd Bank, Axis Bank, and Other PSUs etc.. it is evident that many have begun forming lower lows or transitioning from an uptrend to downtrend. This indicates a bearish structure.
By observing Bank Nifty closely and considering the mentioned points and levels, an early Entry for shorting @ 50900 level. If the price rebounds to 51275, it presents an opportunity to add more quantity.
Most of the levels are mentioned in the chart. Please refer to it and share your feedback in the comments. If you disagree, please feel free to ignore.
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