Get started
ka4mic

Banknifty Heading for Correction

Nifty Bank Index (NSE:BANKNIFTY)  
ka4mic Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftytradesetup
9
0
trendanalysis chartpattern indicator banknifty bankniftytradesetup
Banknifty is making a Rounding Top / Inverse Cuo indicating that Sellers are gaining control of. the market.

Also Banknifty has closed below 20 DMA and 44 DMA, indicating more pain.

Banknifty is already trading below the POC. Next High Value Node is at around 43400. More pain Below this.!
Trade closed: stop reached:
since Banknifty has made a new high, hence rounding bottom pattern is cancelled
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.