Banknifty Heading for Correction
Updated
Banknifty is making a Rounding Top / Inverse Cuo indicating that Sellers are gaining control of. the market.
Also Banknifty has closed below 20 DMA and 44 DMA, indicating more pain.
Banknifty is already trading below the POC. Next High Value Node is at around 43400. More pain Below this.!
Also Banknifty has closed below 20 DMA and 44 DMA, indicating more pain.
Banknifty is already trading below the POC. Next High Value Node is at around 43400. More pain Below this.!
Trade closed: stop reached
since Banknifty has made a new high, hence rounding bottom pattern is cancelled
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