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Nifty Bank Index

STRONG rejection from the trendline ! Still in DOWNTREND..?

108
As we can see despite the strong opening BANKNIFTY got rejected and fell strongly from the given trendline showing BANKNIFTY’s weakness below the trendline. Hence as long as BANKNIFTY remains below the trendline we can expect sideways to negative market for coming trading sessions so plan your trades accordingly.
Kaushalfin
Also on:
Multiple Time Frame AnalysisSupply and DemandTrend Lines

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Multiple Time Frame AnalysisSupply and DemandTrend Lines
Kaushalfin
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.