Nifty Bank IndexPenjualan
BankNifty NR7 on Monthly charts + Covid low Trendline ##
BankNifty making NR7 on monthly charts of 4000 points 49500-53500 levels also it trading near Trend line of Covid Lows this time BankNifty may give breakdown of this TrendLine. BankNifty Components like HDFC BANK & ICICI BANK made a Shooting Star on Monthly Charts so we have to watch these two how they move with Q3 Results onboards in coming days. Q3 Results will be more important for BankNifty to give Range Breakout.
I am waiting for breakdown of Trend line & 50055-49555 levels then only I will make short position.
Target for Downtrend will be T1- 48555, T2- 46077, T3- 44144, T4- 41855, T5- 39444, T6- 37711, T7- 35655, T8- 33933, T9- 32622 with StopLoss 53355 & trailing with target achieving.
Thank You & Happy Trading
I am waiting for breakdown of Trend line & 50055-49555 levels then only I will make short position.
Target for Downtrend will be T1- 48555, T2- 46077, T3- 44144, T4- 41855, T5- 39444, T6- 37711, T7- 35655, T8- 33933, T9- 32622 with StopLoss 53355 & trailing with target achieving.
Thank You & Happy Trading
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