Nifty Bank IndexShort
Banknifty Formed Evening Star - On daily Chart
BANKNIFTY // Banknifty Formed Evening Star // Time Frame Daily
After Hitting New ATH on 26 Sep 2024 Thursday @ 54467.35
Formed Evening Star , a Bearish Candlestick Pattern,
Sign of Reversal.
The Follow up Candle Supported the Setup.
Price is Below EMA_5.And The Parallel Channel Brekdown.
//Sell on Rise any Bounce will be Good Opportunity to Go Short.
//Next Targets On Charts are as
S1 = 52794.55
S2 = 52340.25
S3 = Ema_50 51889.56
S4 = 51750.10
S5 = Ema_100 50931.76
S6 = 50369.40
//Indication of Short term Correction
RSI Below 60
Stochastic Below 80
// Observation
Possibilities are High to Achieve all Down Side Targets
Let's See
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