TangoTrader22
Short

Bank Nifty: Struggling at long term resistance

NSE:BANKNIFTY   NIFTY BANK
NSE:BANKNIFTY            

Bank nifty             is facing strong resistance at the midline of long term channel.

Also, most private banks are close to completing their long term tops. Read here:https://www.tradingview.com/chart/HDFCBANK/IozqHcfE-HDFC-Bank-Approaching-Long-term-top/

We might see some retracement towards 18900 levels early next week, which should be a good level for positional short.with SL above 19150 and target around the strong support of ~17000

So take profit around 18000?
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