Nifty Bank IndexUpdated BNF - A big move expected!
Previous two sessions of bank Nifty hits high and low at almost the same matching levels. 4 conditions are going to occur in upcoming sessions:
1st - Price can break the previous 2 days' highs OR lows and move in the respective direction.
2nd - Price can follow the 1st condition with failures.
3rd - Price can remain in the range with multiple failures making any hidden and misleading pattern!
4th - Price can open gap up/gap down making quick trappy moves!
1st - Price can break the previous 2 days' highs OR lows and move in the respective direction.
2nd - Price can follow the 1st condition with failures.
3rd - Price can remain in the range with multiple failures making any hidden and misleading pattern!
4th - Price can open gap up/gap down making quick trappy moves!
Note
It was no trading day today!Trade active
47000Trade active
1st Target crossed above officially!Trade closed: target reached
The prices hit high closer to the 2nd target! Completely confused ending. When there is confusion, better get out of the system!
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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.