BankNifty - Ending Diagonal in 39600-39800 (Sell)

By WaveTalks

Updated

Rising wedges or Ending Diagonal ends the ongoing trend. This is not a call. Trade on your own risk please. Thank you

Trade closed manually

10:52 Hrs / 19th Aug 2022

Last @ 39514

Pattern unfolding from the tops or high of 39759 is all mess again & fair chances that Index may fall to 39291 / 39275 which is support zone

If Index fails to drop further below 39291 / 39275 zone it will indicate that something is left at the top &

Index may attempt upside once again from 39291-39275 zone to 39800+ later

Thanks

Note

11:53 Hrs / 19th Aug 2022

Last @ 39125

Approx 800 points Drop from day high @ 39759 close to 39000 - Psychological level

WaveTalks

Best Regards,
Abhishek H. Singh
Growth Director - TradingView India

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