Nifty Bank IndexShort
banknifty short
Banknifty can fall this week
1. Brearish trend
2. Last support at 32350 if any candle can close below 32350 then breakdown will confirm
3. Price is on upper band of channel and trendline resistance is 32885 or support is 30330 so huge chances of downside
4. Resistance Rejection candle on 1 hr time frame.
5 RSI break the support trendline at 2hrs timeframe.
That's are the major point and reason can be for banknifty fall.
1. Brearish trend
2. Last support at 32350 if any candle can close below 32350 then breakdown will confirm
3. Price is on upper band of channel and trendline resistance is 32885 or support is 30330 so huge chances of downside
4. Resistance Rejection candle on 1 hr time frame.
5 RSI break the support trendline at 2hrs timeframe.
That's are the major point and reason can be for banknifty fall.
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.