Wealthcam

BANKNIFTY showing signs of indecision at important level

NSE:BANKNIFTY   Nifty Bank Index
As we can see BANKNIFTY had been rallying since last month for now but seems like it is ready to take a halt now, we can see it has formed more like an indecison at it’s important resistance level and hence standings at very crucial level, if in upcoming trading session if the low is broken down we can expect a good subsequent profit booking and could be a start of temporary downtrend hence the high and low of the doji candle should be taken into consideration and trades should be taken accordingly on break of either levels

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.