Bank Nifty has reached the trendline and is showing reversal for further correction.
the pattern is an old forming pattern from 2014
So reliability is more.
In order for Banking stocks to rally further it may test the trendline drawn and then trade within zones.
Also additional emphasis long positions are non sustainable for now so shorting seems like an option.
BANKNIFTY
the pattern is an old forming pattern from 2014
So reliability is more.
In order for Banking stocks to rally further it may test the trendline drawn and then trade within zones.
Also additional emphasis long positions are non sustainable for now so shorting seems like an option.
BANKNIFTY