Get started
ShubhamKatiyar

BANKNIFTY some retracement expected !!

Short
BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
ShubhamKatiyar  
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Chart Patterns BANKNIFTY
115
10
chartpattern banknifty
As per the pattern BNF is currently in complex correction. Here on 1 H TF, it looks like continuation leg (X) (abc) of complex WXY(X)Z has been completed and now its going for retracement. (expected levels= 37489).

It is recommended to trade only in the direction of the trend. Here, in this case I'll wait for the retracement to over.

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.