BANKNIFTY BEARISH
BANKNIFTY closing is 39411.4 with stoploss 40100 and targets are 38500-37435.
#Selling #Reason.
1 --> Price close below 200 EMA.
2 --> Price close below the support.
3 --> RSI is break the 40.
4 --> ADX is show the Bearish move and -DMI is rise.
5 --> Bollinger Bands are open in Downside.
#Selling #Reason.
1 --> Price close below 200 EMA.
2 --> Price close below the support.
3 --> RSI is break the 40.
4 --> ADX is show the Bearish move and -DMI is rise.
5 --> Bollinger Bands are open in Downside.
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