The upper and lower trend lines on the 30 min chart are narrowing for BankNifty.
Last week we saw that the range was very tight for the market and it proved to be a good consolidation period for the market, after the post-COVID volatility. The price right now is at the lower end of the trend, and may see a move towards 23,000 again. This has proved to be a very...
This analysis is only for educational purposes, Invest at your own risk!
ADANI GREEN ENERGY is close to its 52 week high with a gap of 5.95%
The volume suggests that the rise in price is coming to an end and a downfall is near.
Hence getting into a short position at around 230-220 INR will prove to be profitable.
Traders should place their stop losses...