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bank nifty covering the trend line liqudity almost 17% it seems alsomst a crash but if it comes as consolidation and fall it wont we a crash it is a retest only
as per now at budjet day we can find is it a crash or correction 39600 to 39500 have a order block if market turns from there we can see a new high as soon
bank nifty didnt break a all time high with huge rally and volume
and it has a formation of bullish trap
if it breaks a trend line it may a trap for bullish
so conservative traders wait for a huge rally or drop
be patient on market now a days its sellers market
all expected bank nifty will gap down and break all time with huge volume
but unexpectedly opened gap up and fall but
we can see the formation cup and handle on 5min so no one will expect this next will be a huge buy rally
so lets be safe and dont be trap on bearish idea
ADANIENT expecting a down trend
ADANIENT breaked resitance and coming for retest
and have a trend line also so expecting a 3rd touch on trend line if trend line breakes we can see more fall
first we need to wait for break the support first
Market crash cyclic
2008 - Lehman brothers
2011 - Europe problem
2013 - Taper Tantrum
2015 - china currency devalue
2017 - trump win & demonetization
2018 - dow fall 10%
2020 - corona virus
Every 2 years market facing a fall is this year also happen the same?