TradingView
Trade-Technique
Aug 27, 2019 6:13 AM

Exactly seen seller action on banknifty.  

Nifty Bank IndexNSE

Description

Detected Tail: price rejection with sellers activities.

A box which was drawn after the tail is sellers area. If price surge with above it and we see the again tail will confirm of selling 28310 nearby.

I ll update later accurate target.

Trade closed: target reached

Comments
UnknownUnicorn4302131
According to my analysis BN will fall more than 600 points within this week...
prskumar88
@Pavithran_paviii, sir can u explain your logic
UnknownUnicorn4302131
@prskumar88, it is in a distribution zone now and also formed an symmetrical triangle.Tomorrow M3 Money Supply* announcement and 30th aug 5 more events so,it is more likely to fall...
Imrankhan1707
@Pavithran_paviii, Thankyou so much for the update
More