This is my view your can be different.
Made same price action in 2022 may- June
Failure of w pattern.
Trap at neck line of w pattern in last hour of fake huge buying 😯.
Chances for 3-4% break down from this level
Next support 45500
Next support 45000
Next support 43200
This is my view your can be different.
So be responsible for your trade 😉
What I think is bank nifty can make hammer in next week and we will get combination of both hammer and inverted hammer.
And next to next week market can break this zone and can come to 42000. In next 3 week which is 14-15 th March.
This is my view your can be different
So ,don't argue here,
Market will trap forming false breakdown of m pattern
Then will move upside then try to break upper channel of range and again will fall back to 45000 before March 4
Disclaimer -This is my view your can be different.
Reason for it-
Banknifty making a channel on a daily.
Strong Resistance at 47000
On weekly basis forming a rising wedge.
Divergence on RSI
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