Bank nifty bounced from demand zone
* Not expecting V shape recovery as nifty is at resistance zone once again
*Another short pull back and bounce can activate buyers
*Nifty bank has more potential upside then nifty
Nifty formed three black crows means starting of reversal. Breaking the rising channel and staying below 14200 leads to 13800 levels. And staying below 13800 may leads to 13200 levels.. this is all positional view..
Note :- POST IS JUST FOR LEARNING PURPOSE ONLY BEFORE TAKING ANY TRADE DO YOUR OWN RESEARCH OR CONSULT YOUR FINANCIAL ADVISOR.
HAPPY TRADING 🙏🏻
Don't Take any trade its just view we get a better opportunity of confirmation trade in it After breaking it out !!
Waiting for new control price
According to Elliote wave its target toward 263
Lol I am confused in it
Bank Nifty is weak. It has recently broken the uptrend maintained in the past few weeks. However for the next 2 - 3 days a upside move is possible to be seen only to witness a greater fall in days following it.
Stay cautious and downsize your positions.