Nifty Bank IndexUpdated Banknifty October 19
Double top pattern emerges on 1-day candle chart
A double top pattern has emerged on the 1-day candle chart, suggesting a potential bearish reversal. If the support level at 43832.30 breaks, we can expect a further fall to 43600. The neckline at 43600 is a strong support level, and if it holds, we can expect the market to rebound.
Note: This is for educational purposes only. I am not a SEBI registered financial expert.
#banknifty
A double top pattern has emerged on the 1-day candle chart, suggesting a potential bearish reversal. If the support level at 43832.30 breaks, we can expect a further fall to 43600. The neckline at 43600 is a strong support level, and if it holds, we can expect the market to rebound.
Note: This is for educational purposes only. I am not a SEBI registered financial expert.
#banknifty
Trade active
Market gaps down below neckline support, but bulls push backThe market opened in a gap down around neckline support, but bulls are pushing back and trying to bring the market back into green territory.
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.