We can see that the Nifty 50 has reversed from its ATH and formed a similar pattern as it was in March 2024.
Bearish divergence and bearish wedges with a similar trend setup in BankNifty.
If nifty and bank nifty both move in a similar trend we see a smooth one-direction move.
Thursday we may see a gap down opening which could be a strong indication of the breakdown.
Entry, exit & target levels are marked on charts.
Trade wisely #DYDD.
Bearish divergence and bearish wedges with a similar trend setup in BankNifty.
If nifty and bank nifty both move in a similar trend we see a smooth one-direction move.
Thursday we may see a gap down opening which could be a strong indication of the breakdown.
Entry, exit & target levels are marked on charts.
Trade wisely #DYDD.
Comment:
All targets are achieved.