Nifty Bank IndexShort
Banknifty make or break level !!
Updated
Banknifty is trading near major support.
if banknifty manages to close below 43940 as per hourly time frame, we may witness major downfall as it can been that a rising wedge pattern breakdown is about to happen in banknifty.
targets on lower side are marked in the dashed line on the chart.
Please wait for proper closing before entry, trade with proper stoploss according to your risk appetite.
if banknifty manages to close below 43940 as per hourly time frame, we may witness major downfall as it can been that a rising wedge pattern breakdown is about to happen in banknifty.
targets on lower side are marked in the dashed line on the chart.
Please wait for proper closing before entry, trade with proper stoploss according to your risk appetite.
Note
Not a single hourly candle closed below 43940 yet. Lets wait for the trigger ....we will act only on trigger. remember: This is positional trade which will be activated once hourly candle is closed below 43940.
Note
finally !! ....low made 43726 till now. ...always trail your stoploss and focus on scalping.Note
Target 1 achieved !!Note
huge fall 43408 low !! ...Note
achieved second target as well ...43397
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