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.
Comment:
Purpose : Educational
Comment:
RSI divergence also there
Comment:
Bank nifty sharply down from 25840 levels to 25560 levels for the day
Comment:
so far so good the move from 25800 to 25900 was gradual and reversal of approx 400 points today itself
