Short term - BankNifty under hammer
Today Nifty Index witnessed a huge profit booking. The one sector which came under pressure was BankNifty. BankNifty is consolidating at this level. The price pattern making Triple Tops, H&S and inevitably Flag pattern. All are hinting towards short term correction.
If price remains and take support at this level @18625 then it is ready to inch towards 18950 atleast 350 points move and if price penetrate the support level below 18625 then it can move towards 18336.
Regards,
ilyas
If price remains and take support at this level @18625 then it is ready to inch towards 18950 atleast 350 points move and if price penetrate the support level below 18625 then it can move towards 18336.
Regards,
ilyas
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