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ipuneet

Downward channels formed on Nifty n BankNifty both.

Short
Nifty 50 Index (NSE:NIFTY)  
ipuneet  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns Technical Indicators nifty50 NIFTY BANKNIFTY niftybank
3
0
trendanalysis chartpattern indicator nifty50 nifty banknifty niftybank
Besides downward channel, ADX and RSI both indicating weakness.

Stay short till there is no visibile signs of reversal.

Unlike on daily charts, hourly charts are indicating clear weakness.

Important levels are mentioned on my posts covering daily charts.


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