Nifty Bank IndexUpdated BANKNIFTY - Perfect Retest!
Recently we saw a major crash in indices with NASDAQ leading the way in terms of loss. BANKNIFTY still hasn't taken much of a hit, indicating that there still may be more losses to come.
We saw divergence in the last high, indicating that the trend is about to reverse or a correction is about to appear. We saw a really nice break and retest of the 61.8 fibonacci level.
Trade Idea:
- Watch for continued bearish momentum. Look for any bear flags or corrections on lower timeframe
- Stops above the correction
- Targets: 34,000 (700pips), 32,000 (1100pips)
Goodluck and trade safe!
We saw divergence in the last high, indicating that the trend is about to reverse or a correction is about to appear. We saw a really nice break and retest of the 61.8 fibonacci level.
Trade Idea:
- Watch for continued bearish momentum. Look for any bear flags or corrections on lower timeframe
- Stops above the correction
- Targets: 34,000 (700pips), 32,000 (1100pips)
Goodluck and trade safe!
Note
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.