Bank nifty may be bearish on 27th April
Updated
According to pattern made by bank nifty on day candle, it is sure that bear are still in Market, it shows market to be GAP down, but no ignorance of TRAP, it may be GAP up and after some positive signal market move to BEAR, like triple TOP or Head and Shoulder pattern.
But for tomorrow my analysis is Short. it is three type of signal may occurs, like GAP up and TRAP the seller then SELL or GAP down and Trap the Buyer and then BUY or simply continue the pattern.
Fundamentally due to COVID19 India is in worst condition and many fold death are still happening, isn't it FEAR? and in next 10-20 Days Market will BREAK DOWN on Weekly chart pattern.
But for tomorrow my analysis is Short. it is three type of signal may occurs, like GAP up and TRAP the seller then SELL or GAP down and Trap the Buyer and then BUY or simply continue the pattern.
Fundamentally due to COVID19 India is in worst condition and many fold death are still happening, isn't it FEAR? and in next 10-20 Days Market will BREAK DOWN on Weekly chart pattern.
Trade closed: stop reached
My analysis goes wrong, as Market was too much Bullish today. SL Hit.
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