dhananjay.d.joshi
Short

Bank Nifty Shorting

NSE_EOD:BANKNIFTY   NIFTY BANK
snapshot

Bank Nifty             uptrend is running out of strength, we can expect volatile move ahead and resulting in down move in coming days or weeks. Trading on short is safe at this levels.

I have mentioned levels at which one can take short keeping stops and targets as mentioned in chart.
Superb analysis. Sir, I understand that for stop you used the low of 20/08 but how did you calculate the target? 16596 doesn't coincide with any low or high, neither it is 23.6% retracement nor channel support. Kindly enlighten.
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It is just above 23% of previous rise.. and just below small demand zone.
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dhananjay.d.joshi PRO dhananjay.d.joshi
Correction. Not rally its 23 of previous fall and for current rally its around 61%
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debdeep.nifty dhananjay.d.joshi
Thanks Sir, Btw, is there any other places as well except tradingview where you put your ideas. A lot of things to learn from you.
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No. This is the only place. Btwy i do conduct training for the same. Mail me on dhananjay.d.joshi@gmail.com for details.
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One can wait for trade to complete or book some profit tomorrow.
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AMBRISH dhananjay.d.joshi
Thanks.
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