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
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Market gaps down below neckline support, but bulls push back
The market opened in a gap down around neckline support, but bulls are pushing back and trying to bring the market back into green territory.
The market opened in a gap down around neckline support, but bulls are pushing back and trying to bring the market back into green territory.