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Nifty Bank Index
Short

Banknifty putting in a topping phase as well with Nifty

60
Similar conditions as in the nifty idea I shared earlier. Top of parallel channel, distribution visible in RSI. SL is weekly close above ATH.

Look for breakdown of the upsloping red line for confirmation of trend breakdown instead of picking a top.

Disclaimer : For educational purposes only !

Link to Nifty idea :
Nifty likely in a topping phase (in USD)
shivam94_007
Parallel ChannelSupport and ResistanceTrend Lines

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.
Parallel ChannelSupport and ResistanceTrend Lines
shivam94_007

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.