After a huge rally that stretched for more than a month, looks like Banknifty has formed a top today.
I can see a Bearish Engulfing candle with a Negative Divergence on Daily chart.
Good opportunity to short here for a target around 27300 levels with a small top loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.
I can see a Bearish Engulfing candle with a Negative Divergence on Daily chart.
Good opportunity to short here for a target around 27300 levels with a small top loss.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.