Get started
travellingtradermumbai

Bearish reversal in Bank Nifty?

Short
Nifty Bank Index (NSE:BANKNIFTY)  
travellingtradermumbai  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns shortsetup Bearish Patterns BANKNIFTY
0
0
trendanalysis chartpattern shortsetup bearish banknifty
The candles have respected the resistance by 20 SMA or the basis of Bollinger Bands in the daily chart of Bank Nifty.

The trend in the first look is bullish (Dow theory) but there are signs of weakness as well.

I would avoid trading in Bank nifty but if I have to, I will sell on the rise.

#banknifty #nifty
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.