nextgen

Bank Nifty could not hold breakout upward

Short
NSE:BANKNIFTY   NIFTY BANK
Bank Nifty after breaking up trend turned bearish and fired breakout up ward but could not hold the upward and again turned into bearish and closed within the channel, we may see further down trend with a target of 18400.00 in near term. the three black crows are there to confirm further down trend. risky traders may enter short at CMP conservative traders may wait to retest the resistance 19388.00 and enter short. also be cautious if again upwaard breakout occurs exit with small stop loss.

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.