Chart of the week. Bank Nifty.
Bank Nifty has made double top pattern on its weekly chart. Last week, a clear breakdown can be seen in Bank-Nifty. The chart is extremally week, hence, one can sell it on rise. The stock should come to test its previous support of 43650. Try to sell somewhere near this point in order to minimize your risk.
This is also a very good opportunity for investors to buy a very good fundamental banks. An investor with a view of 3 to 5 years should take this opportunity and buy aggressively in this fall. One can also SIP in BankBees.
CMP - 42782 (28/10/23)
T - 41800, 39400
SL - 43900
This is also a very good opportunity for investors to buy a very good fundamental banks. An investor with a view of 3 to 5 years should take this opportunity and buy aggressively in this fall. One can also SIP in BankBees.
CMP - 42782 (28/10/23)
T - 41800, 39400
SL - 43900
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.