Banknifty had been consolidating in the range of 25650 - 24950 for 7 trading days and finally broke down convincingly yesterday after RBI policy.
I can see a breakout of an Inverted Flag pattern that Banknifty -1.51% was forming.
Good opportunity to go short for a target around 23650.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
I can see a breakout of an Inverted Flag pattern that Banknifty -1.51% was forming.
Good opportunity to go short for a target around 23650.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.