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#banknifty bull trap in progress
Nifty Bank Index
(
NSE:BANKNIFTY
)
subhagghosh
Premium
NSE:BANKNIFTY
Nifty Bank Index
Harmonic Patterns
BANKNIFTY
TRAP
bulltrap
14
3
harmonicpatterns
banknifty
trap
bulltrap
#banknifty
Butterfly flying above 26,500 is a problem and can go till 28,180, the biggest trap is FOMO (Fear Of Missing Out) and that's where the problem starts.
The butterfly can stretch 127% to 161.8% ( 127% is done).
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