WaveTalks

BankNifty - Ending Diagonal in 39600-39800 (Sell)

Short
WaveTalks Updated   
NSE:BANKNIFTY   NIFTY Bank Index
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
Comment:
11:53 Hrs / 19th Aug 2022

Last @ 39125

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


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

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