subhagghosh

#banknifty bull trap in progress

NSE:BANKNIFTY   NIFTY BANK
#banknifty

Butterfly flying above 26,500 is a problem and can go till 28,180, the biggest trap is FOMO (Fear Of Missing Out) and that's where the problem starts.

The butterfly can stretch 127% to 161.8% ( 127% is done).

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.