1. Daily time frame shows back to back green candle (retracement needed)
2.1 min time frame rising pattern breakdown.
4.Rising wedge pattern (High probability of giving a break-down)
1. Victory of Biden can have a bullish impact on the markets.
This is my view and, lets hope for the best.
We have a complete analysis in our previous Post, I was waiting for Wave 1 to complete; Its verified Wave By Wave and Now Wave 2 is forming which is a Flat structure; Wave A and B are almost complete; Wave is the the last Impulse and then we get the MOST AWAITED WAVE 3in downward.
Note: This is for educational purpose only.
Bank Nifty unable to break resistance (23100 - 23150) thrice. Moreover, there is a bearish ascending triangle breakout on daily chart. Same is reflected on RSI trend line as well. RSI below 50 indicates loss of bullish momentum.
Hii this is trader Kanishk
This is BANK NIFTY
Here the phase is very volatile and we don't have to took long position in bank nifty.
With till it breaks the trend line and then short it.
this is a bear market phase and this is not the recovery this is the bullish trap .
so please avoid yourself to put the long positional trade at this time without any...
Shorting Opportunity below 17800 for a Target of 17665 followed by 17510 with SL at 17955
Use 1-Minute Time Frame to enter into the trade.
Disclaimer: All views and chart analysis shared are purely for knowledge and information purpose only. Our analysis is intended only to provide general and preliminary information to investors and traders.
It shall not be...