Wealthcam

BANKNIFTY trapping buyers..?

NSE:BANKNIFTY   Nifty Bank Index
As we can see BANKNIFTY showed a unidirectional move with immense momentum after it broke out of the trendline and the supposed inverted head and shoulder pattern as analysed in our previous post. Now tin a bigger time frame, we can still see BANKNIFTY trading at supply zone which previously acted as a demand zone hence until BANKNIFTY sustains above the given zone, we are bearish as it could be a potential trap for buyers so plan your trades accordingly.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.