BANKNIFTY SHORT

Downtrend
BNF failed to break & hold resistance of 21760.
Forming reversal pattern.
For some time may go to consolidation but expecting rapid downtrend
Target 1: 21400
Target 2: 21200
Target 3: 21000 (Strong Support) expect reversal around it

Zlecenie aktywne:

First Target Reached 21400

Zlecenie zamknięto ręcznie:

As BANknifty U turned from first target ...
It may travel in channel & will make new highs in coming days ...
Very first rule of trading: follow the trend, trend is your friend