Nifty Bank IndexShort
Bank nifty looking bearish for the coming days
Bank nifty broke internal weekly structure, indicating the down trend pull back on the weekly chart has come to an end. It is looking like the price will start moving upwards again after giving a pull back from the current levels to the discount arrays at 45481.5 or at 45139.05.
Expecting prices to fall down for 2 to 3 days into a discount array where we can look for by signals on the one hour and 15 minutes charts. If the discount arrays hold, we would be looking at an initial target formed by the daily gap on 16 January 2024
Expecting prices to fall down for 2 to 3 days into a discount array where we can look for by signals on the one hour and 15 minutes charts. If the discount arrays hold, we would be looking at an initial target formed by the daily gap on 16 January 2024
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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.