IndexxTrader

Banknifty still in Negative direction

Short
IndexxTrader Mis à jour   
NSE:BANKNIFTY   Nifty Bank Index
On Day chart, BN still showing negative trend for short term,
An "Insider Candle" pattern formed and today closed in down side direction of child candle,
Also, RSI is weak, MACD negative diversion formed,
Even if it touch 39800, A sharp down fall possible, and If it start trading & closed below 39300 without upper side movement, we can see a lower level up to 38250 in very near future.
TRADE -
If sustain above 39800,
Buy BN , SL 39300, Tgt. 40000,40150, 40375
If Sustain below 39300 -
Sell BN , SL 39550, Tgt. 38850, 38500, 38250

No Trade zone
39300-39775
Commentaire:
yes
Trade fermée: cible de profit atteinte:
Short side 2 targets achieved , Now, a bounce back expected for some time as PCR is low.

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