Get started
SudharsanG

BANK NIFTY - DOUBLE TOP FORMATION - 27 MAY 2021

BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
SudharsanG  
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Trend Analysis BANKNIFTY bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis bankniftytrading
0
0
trendanalysis banknifty bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis bankniftytrading
Bank nifty is in "CAT in the WALL" situation, breaking down the trend line will leads to 34,400 levels which is is neck line of the "Double Top" formation of price in hourly time frame.

but if b.nifty took a strong support in trend line then it will move higher.

Tomorrow is expiry day, so trade carefully.

thank you.
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.