NIFTY BANK is reversing from the long term trend line. This seems to be like short covering happening.
However, this short covering can be participated in for a long trade till target 50,120.
This short covering is happening courtesy ICICI BANK and HDFC BANK.
In fact, a similar trade is also setting up in HDFC BANK.
However, this short covering can be participated in for a long trade till target 50,120.
This short covering is happening courtesy ICICI BANK and HDFC BANK.
In fact, a similar trade is also setting up in HDFC BANK.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.