Trade-Technique

Channel and Pattern on BANKNIFTY with tail.

NSE:BANKNIFTY   Nifty Bank Index
As per the daily chart, fall is still left but the question is where to sell?
Detected tail in the last secession.

Let's look at a smaller timeframe chart.

Banknifty resistance starting from 27777 to 28073 as per channel.

The last update was for paid customers at 27777 for sale which was below (4).

  • Nifty is going to open gap up 78-89 points positive. Expected 110-129 points positive after opening. I have created a sell strategy for NIFTY
  • Wall Street opened lower on Friday.
  • Oil prices fell on Monday
  • Moody's Investors Service on Friday cut India's GDP growth forecast for 2019 calendar year to 6.2 percent from the previous estimation of 6.8 percent.
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