BankNifty is near resistance trendline
Banknifty is near resistance trendline on Daily timeframe and it will face resistance at secondary trendline, if it breaks secondary trendline then it will face resistance at primary trendline.
After taking resistace if it will able to break rectangle zone and able to close below it Then it will be nice opportunity to short.
Use multiple confirmations before taking any trade. Like Level of Confluence, Retracements/Retests etc.
After taking resistace if it will able to break rectangle zone and able to close below it Then it will be nice opportunity to short.
Use multiple confirmations before taking any trade. Like Level of Confluence, Retracements/Retests etc.
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.