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ecramer

Bank Nifty has broken it's long trend line

Nifty Bank Index (NSE:BANKNIFTY)  
ecramer  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Harmonic Patterns Chart Patterns
4
0
trendanalysis harmonicpatterns chartpattern
Every time the index breaks its trend line it goes down pretty hard.
Plus the P/E ratio is at 55 which is really high.
All thoughts welcome
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