I have been posting to warn the retail investors foreseeing the risks in the markets. Here is BANKNIFTY for you.
With my technical analysis , the BANKNIFTY uptrend breaks as you can clearly see it in my chart. This will ignite major major sell off. The price targets are at the scariest levels.
Peak Price: 32,600 Current Price: 24,000 Price Fall Target: 3000 - 3400
I wish this shouldn't happen. Yet, i can't deny the fact what i see in the chart.
Legal disclaimer: I am not a financial adviser. The advice here given is not a financial advice even though my excitement might make it look like such. When I say: "Buy/Sell now!" or "Do's and Don'ts" or something like that — it is my personal opinion. I do what I believe is right and at the end of the day I am just a person, not an expert. You trade at your own risk and nobody can guarantee you results. I post because I care.
What next ? Now that retracement has crossed 38%