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Muthu1501
Aug 7, 2021 4:29 PM

BANKNIFTY Trend Analysis Next week monday possible Fall ????? Short

Nifty Bank IndexNSE

Description

BANKNIFTY
1. primay trend line not breakable 3 rd time fail last 2 selling pressure
2. weekly closig same high closing chance for selling
3. 2 days side way price movementum consolidation zone / long unwinding
4. today also not break resistance sellling presssue price movement , seller inside coming the markert initimation
5. bearish butterfly Harmonics pattern formed and price action move going down side fall today
6. next target down side demand / supply zone good
7. break the primary resistance line confirmation of bulish sentiment after buy entry
8. minor trend line supply line confimation down side up move

Comment

Harmonics patttern just take refertance only
Comments
Kikuvin
Please don't make harmonic patterns if u don't know! Atleast don't make wrong patterns! Thankyou
Muthu1501
@Kikuvin, im mostly not using harmoincs pattern just reference dude major use price action only bro
Sripaljain
@Kikuvin, bank nifty forming bearish shark pattern?
Muthu1501
@Sripaljain, almost correct but i take just referance
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