abhi.rus
Short

FALL OR No FALL

NSE:BANKNIFTY   NIFTY BANK
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5
The beauty of technical analysis is repetition of patterns, over and over again and at all time frames.

The chart shows a channel at hourly level before breaking down and heading lower. Currently we are in another channel formation which can be traded at 30/15 min level.

Two FIB levels are marked on chart for both channel which would serve as levels/targets for trading.

With monthly expiry, do expect wild swings.

Have a happy day ahead!!

Comments

Sick analysis - amazingly simple. Lots of people get caught up in over complicating things. It's a stock chart not a vinci painting lol! Super short, thanks buddy
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abhi.rus sadhusaheb
@sadhusaheb, Thanks!
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