BANK NIFTY MAJOR BLOWOFF TOP ₹₹₹₹BankNifty have this Trend-line support from Covid lows till now every time BankNifty taking support & bounce back but this time it will be difficult for BankNifty to save Trend-line support & can give breakdown then we can see major selling in BankNifty for lower levels with BlowOff Tops in All Global Markets. So be careful in trading BankNifty & consults your adviser before any trades.
I am waiting for breakdown of trend line & 50055 levels then only I will make short position
Target for downtrend will be T1- 48555, T2- 46077, T3- 44144, T4- 41855, T5- 39444, T6- 37711, T7- 35655, T8- 33933, T9- 32622 with StopLoss 53355 & trailing with target achieving. Thank You & Happy Trading
Bankniftymonthly
Bank Nifty Downside Multipal Demand Zones on Monthly ChatThere are multiple wide demand zones in Bank Nifty on the Monthly chart.
Last month Bank Nifty closed in the demand zone @ 20600-21500.
On the upside, there is a major supply zone @ 23750-24000 and on the downside demand zone @ 19100-2000 and major demand zone @ 17750-18400.