bibz4trade

nIFTY baNK !

Short
NSE:BANKNIFTY   NIFTY BANK
Hay Folks,

Its a sell setup for NSE:BANKNIFTY in 240 time frame. It broke the long followed trend line since last December. Retesting and failing to break the trend line based at feb 2017(blue line) confirms a down movement, so a trader may wait for the retest and take a short position after confirmation. rest the fib levels can guide.

Regards
Bibin

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