BANK NIFTY – MAKE OR BREAK TIME

Bank Nifty has started showing weakness after made a all time high.

On Daily Chart there is a Negative Diversion which played really well today. Bank Nifty spot closed at  23542.75 -o.81%. Immediate support for bank nifty is at 23300 levels.

On weekly charts there is a Grave Stone Doji candlestick pattern made at the top. We can see more weakness next week if the rising wedge breaks.

For Positional Target we have to wait and see the next week price action.

 

Daily Vs Weekly Chart
Daily Line vs Candle Chart
Disclaimer

I’m not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don’t trade with the money you can’t afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.


Comments

One response to “BANK NIFTY – MAKE OR BREAK TIME”

  1. Siddharth Thapar Avatar
    Siddharth Thapar

    Bank Nifty made a low of 23050 excellent slide from the top 🙂

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