TangoTrader22

Short for target 17200

Short
NSE:BANKNIFTY   Nifty Bank Index
I am not putting a EW count, since I am not very confident of counts on BN. However, given the downward momentum in recent weeks, we could break the strong support at 18000 and 200 dma to fall to around 17200 levels. A big reason for this belief is that the EW counts of major banks suggest a fairly sharp fall in coming days (see link to related ideas)
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