harsimran.ca.10

BankNifty Breakdown Possible... Target 26000 / 25600..!!

Short
NSE:BANKNIFTY   NIFTY BANK
Banknifty has already broken out from a rising wedge pattern... made a low at 26450... bounced back from there to test the breakout level and now again going down to test the low of 26450. In the attempt to re test It's forming Adam and Eve Top Pattern.

If Banknifty decisively breaks below 26450 then levels of 26000 / 25600 can come.

Please note that it's a Daily Timeframe chart... Target upon successful breakdown may come in 3 to 4 weeks.

Comments