Nifty Bank IndexShort
BANKNIFTY
Time frame - Weekly
Breakout - Failure (-3.50% selling in one single candle)
Bearish Divergence from ALL-TIME HIGH
Pattern - M Patter or Double top
RSI - Closed below 60
Below - 43600 Market is bearish.
The market is to be bearish to sideways till the Election.
Imbalance - Level 1,2,3,4 needs to be balanced.
Disclaimer - For educational purposes only
Breakout - Failure (-3.50% selling in one single candle)
Bearish Divergence from ALL-TIME HIGH
Pattern - M Patter or Double top
RSI - Closed below 60
Below - 43600 Market is bearish.
The market is to be bearish to sideways till the Election.
Imbalance - Level 1,2,3,4 needs to be balanced.
Disclaimer - For educational purposes only
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