Bank Nifty - Weekly view
Hello Everyone,
The chart is pretty descriptive, but do let me know if you have any questions.
On Friday we had a clear breakout failure at an important fib of 38.2 and Bank Nifty bleed for the last session showing clear signs of selling pressure.
No longs before an hourly candle closes above 36900, Until then we will look for selling opportunities until the bottom is secured.
Please follow proper risk management, cut your losers fast and stick with your winner for long.
This is my personal view and my trade plan for next week. Not a trading recommendation.
The chart is pretty descriptive, but do let me know if you have any questions.
On Friday we had a clear breakout failure at an important fib of 38.2 and Bank Nifty bleed for the last session showing clear signs of selling pressure.
No longs before an hourly candle closes above 36900, Until then we will look for selling opportunities until the bottom is secured.
Please follow proper risk management, cut your losers fast and stick with your winner for long.
This is my personal view and my trade plan for next week. Not a trading recommendation.
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