Cashtrading
Niftybank ViewHello everyone,
As we see in last trading session Niftybank shows downward momentum loosing 500points and taking support at our marked trendline.
If it breaks the trendline,then we can expects it's initial support at 43400 level while if it begins to show upward momentum then most probability is that it will touch near 45000 Resistance level .
However, there is a huge selling in option index excluding Nifty Midcap Select because it's data closed positively. We can assume that buying activities are going in Nifty Midcap Select. Cash data was also positive depicting positive momentum.
So here we close our statement.
Have a happy trading.
📉 Alert! Bearish Pattern Spotted! 🐻📊 Pattern: Rising Wedge
📌 Symbol/Asset: Aster DM Healthcare
🔍 Description: Stock can touch lows of ~287 in the coming days
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.