Bearish BAT in Bank Nifty
A BAT pattern is completing in Bank Nifty.
As per my earlier post dt 28th Oct The retracement from butterfly seems finishing.
A slight up side and then pull back in Bank Nifty is expected.
The pattern will be invalidated if a Sharp surge or a Gap up opening is seen somewhere above 25840- 25850 levels.
As per my earlier post dt 28th Oct The retracement from butterfly seems finishing.
A slight up side and then pull back in Bank Nifty is expected.
The pattern will be invalidated if a Sharp surge or a Gap up opening is seen somewhere above 25840- 25850 levels.
Note
Purpose : EducationalNote
RSI divergence also thereNote
Bank nifty sharply down from 25840 levels to 25560 levels for the dayNote
so far so good the move from 25800 to 25900 was gradual and reversal of approx 400 points today itself
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