chazzsen

banknifty short view

Short
NSE:BANKNIFTY   Nifty Bank Index
view= Banknifty (nifty bank) is looking short for short term. short can be below 34220 with the sl of 34700 for the target of 33350-32700-32250.
bwloe 32000 target can be 30300-30100.

1. As we can see trendline breakdown nifty bank and also look like a double bottom breakdown.
2. we can see the bearish pinbar at the top of resistance of 35200.
3. we can see 90% body candle reakdown with high volume.
4. nifty bank downtrend channel making.
5. nifty bank break the consolidation zone.

Thanks and regards
Chazz sen
+917000725404

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.