Bank Nifty is in Long term downtrend cycle Recent rally is part of corrective move
Another Bank similar story . From 850 lever to sub 400 looks cheap but current up move part of correction of long term correction . Any decent rally is a good selling opportunity.
State Bank has been in a downtrend to day move is just a part of correction . Any good rise is a good selling oppoutunity .
Triple Bottom .This one is ready to Run . FX:USDCAD
Muthhoot Finance has been in a corrective wave of major downward move after a few years of long term I think glory days are over for now and won’t be surprise to see sub 500 levels in coming weeks .
Bank Nifty has more downside left and Bajaj Financial Services has been in Free fall and any Pull Back from here is a selling Opportunity . It will in my opinion touch Rs 1000 in coming days .
Bank Nifty have broken-down SbI has declined with heavy volumes and I expect this decline to continue . Any Pullbacks will be selling Opportunity .
Yes Bank is ready to start upward journey risk reward favour long as well . Positional trade not day trade .
Bear Flag on weekly chart . Wave c still pending of this downward move started last year.