Seems good for a quick trade on the upside, can be done or dusted in just 1 hr, let's see what happens ahead.
Script seems gud to buy above mentioned levels on closing basis of daily charts with target of 315
Multiple factors indicating yes bank downside on positional basis ,if entry gets triggered within 4-5 trading sessions then gud to short as per mentioned levels.
Wolfe wave active in Bank nifty ,this week closing below last week closing with considerable vol will validate the setup and trigger entry ,inverted hammer on weekly charts and bearish engulfing on daily is strongly supporting the bearish views,after entry being triggered closing above wave would be SL.
Bearish divergence at peak and price rejection at multiple levels ,,breaking channel would be a gud sign ,gud to short if hourly candle closes below channel line in next 1-2 trading sessions.
Tcs is showing multiple signs of bearish moves on weekly ,daily as well as hourly charts ..gud to short at channel breakout with channel high as SL on positional basis,,,it has bearish engulfing on daily charts which is a strong sign ,,below 1959 will be a more secure entry.
Coal India it as at Strong Historical Support with Bullish Rsi divergence ,could b a gud buy above 240 within this week on positional basis with Sl 230