subhagghosh

#BANKNIFTY Short Term Positional View - Delta Update

NSE:BANKNIFTY   NIFTY BANK
Raising Wedge on a daily chart , #banknifty is consolidating in the range of 21,000 to 23,000.

Any decisive closing below 21,000 may be suicidal for the market and we can easily see 1000 to 2000 point correction.

I have kept the chart, very simple for a layman to understand.

Note:- This is an additional update to what I posted yesterday night.

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.