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shivam94_007

Banknifty putting in a topping phase as well with Nifty

Short
Nifty Bank Index (NSE:BANKNIFTY)  
shivam94_007  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Trend Lines Parallel Channel
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supportandresistance trendline parallelchannel
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)
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