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algomojo

Exhaustion Signs in Bank Nifty Futures

Short
Nifty Bank Index (NSE:BANKNIFTY)  
algomojo Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis
5
0
trendanalysis
Its time to look into the potential downtrend with todays high 27025.45 (spot) as stop towards 25800.
Anything above 27025 invalidates this pattern.

Estimated Timeframe : 10-12 trading sessions or even less than that.
Comment:
Trail SL to 26950 in spot
Comment:
Trading sentiment could turn positive if price started accepting 26950 that invalidates the trend exhaustion pattern
Trade closed: stop reached:
Stopped out.
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