Nifty Bank IndexShort
Breakdown from Ladder
Updated
The price of bank nifty was on an uptrend for a long time and was following a ladder pattern. The breakdown from the ladder resulted in a consolidation A-B-C. It seems that the price may now have taken resistance at 23.8% fib level completing the wave A and B. Banknifty may enter the C wave now.
Trade closed: stop reached
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