BANK NIFTY - Correction Time?
I spot a Bearish Divergence here on the Daily Chart supported by the Stochastic RSI in a Rising Wedge which isn't a good sign for the markets this week.
*I have uploaded a few charts over the weekend - Enter them only on CLOSURE above positive breakouts and not at the opening bell because of Bank Nifty turns weak Charts will also turn down if they dont breakout well.
STOPLOSS in such markets becomes all the more MANDATORY.
Let's see how the markets react this weak. Trade / Invest Cautiously !!!
*I have uploaded a few charts over the weekend - Enter them only on CLOSURE above positive breakouts and not at the opening bell because of Bank Nifty turns weak Charts will also turn down if they dont breakout well.
STOPLOSS in such markets becomes all the more MANDATORY.
Let's see how the markets react this weak. Trade / Invest Cautiously !!!
Trade closed: target reached
PERFECT SUPPORT !!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.