nano6yogesh

Banknifty - Inverted Flag Breakdown

Short
NSE:BANKNIFTY   NIFTY BANK
Banknifty had been consolidating in the range of 25650 - 24950 for 7 trading days and finally broke down convincingly yesterday after RBI policy.

I can see a breakout of an Inverted Flag pattern that Banknifty -1.51% was forming.

Good opportunity to go short for a target around 23650.


Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.

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