stock_Predictor

time to go short in bank nifty

Short
NSE:BANKNIFTY   Nifty Bank Index
bank nifty was moving upside in a rising symmetrical triangle with negative rsi divergence as mentioned in the chart. with this ADX was traded below 20 shows week upside. now banknifty has given a clear signal to short by breaking downside. It has higher chances to touch rising trendline in coming days. stop loss could be 31000

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.