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Dinesh_C_Nagpal

BANK NIFTY

Short
Nifty Bank Index (NSE:BANKNIFTY)  
Dinesh_C_Nagpal Updated   
NSE:BANKNIFTY   Nifty Bank Index
Harmonic Patterns Trend Analysis Technical Indicators bankniftytrend niftybankanalysis Bearish Bat harmonicsignals harmonicmoves ichimokukinkohyo ichimokuchart harmonicpatternspotential ichimoku_trader
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harmonicpatterns trendanalysis indicator bankniftytrend niftybankanalysis bearishbat harmonicsignals harmonicmoves ichimokukinkohyo ichimokuchart harmonicpatternspotential ichimoku_trader
Hello and welcome to this analysis

Bank Nifty has activated a Bearish Harmonic Bat in daily time frame.

The anticipated retracement levels are 38-50-62% of the upmove. The view would be negated if it sustains above 41530.

As per Ichimoku Time and Wave Theory also we have a turn date activated. Until it sustains below 41530 it would remain weak. In case it breaks on the upside then the low of Friday October 28 would be considered as a stop loss for longs

Comment:
last para sustains "above" 41530 not "below" - typo error
Trade closed: stop reached
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