Yes bank seems to be falling from crucial Fibonacci level range of .50 - .618
Formed Bearish Marubuzo, Volumes are nearly twice the daily range. Throughout the day, fall has been consistent, as if bulls have completely surrendered to bears.
It seems that short term pull back/ retracement is over and stock is again in bearish mode.
One can go short at around 1450 with stop loss at 1490. Target is 1400 and further downfall is also hoped.
Thanks
Rinkesh Garg
Formed Bearish Marubuzo, Volumes are nearly twice the daily range. Throughout the day, fall has been consistent, as if bulls have completely surrendered to bears.
It seems that short term pull back/ retracement is over and stock is again in bearish mode.
One can go short at around 1450 with stop loss at 1490. Target is 1400 and further downfall is also hoped.
Thanks
Rinkesh Garg