INDECISION in BankNIfty.
Mkt clearly taken support at the trendline. This line has been holding since Apr 2023. High chance of reversal from here as this is a very strong trend line. But friday candle is a doji and closed below the trendline. we can only go long or short after seeing monday candle. If we close above the trendline with a green candle closing then we can go long else we can go short
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.