BankNifty - 1 Day time Frame (Downside after retracement)

8 Ağu 2020

BankNifty review on a 1 Day time Frame, if you look at the start of the upmove bank nifty has been on an uptrend on re-tracement of 61-65 % for 2 Legs and on the third leg the Retracement was more than 90 % which means a revrersal. We are right now on downward trend with the first leg of revrsal done and retracing on the first leg. The retracement leg might go to 62 % (22800) and then reversal / downside.