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amrutk

Banknifty forming a bearish engulfing

Short
Nifty Bank Index (NSE:BANKNIFTY)  
amrutk  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Fibonacci
4
0
supportandresistance fibonacci
Banknifty has formed a Bearish engulfing candle on Weekly time frame. confirmation will be a day close below 46300. Last 2 candles on daily time frame indicate reduction in selling momentum. Fib levels predict a bounce to 47230-47426 is possible. The fall may continue thereafter. BANKNIFTY
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