Trend Analysis for Bank Nifty
The Trendline has been sharply broken by the candles and is expected to reach the nearby support.
Market is already in Greed mood plus there is no update on Covid, more and more people will try to book profits as the market is in overbought or inflated(PE OF BN is 23.1) considering the current condition.
You can expect a target till nearest support
The Time Frame used is 4H
Market is already in Greed mood plus there is no update on Covid, more and more people will try to book profits as the market is in overbought or inflated(PE OF BN is 23.1) considering the current condition.
You can expect a target till nearest support
The Time Frame used is 4H
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