Nifty Bank Index
Actualizado

BankNifty view for the week of 20th - 24th December

278
Good evening all,

Last week:
We saw a the continuation down after a pull back from the previous one. This was necessary and a good one of between 50% and 61.8%. This provided us a good structure on both sides for the last week and next.

This week:
Our entry point is below 34800 with a potential target of 800 points on the short side. On the long side, we wait for 38000 to be breached for a target of 200 points/ But not a good RR ratio there.


*** This is a view and not necessarily a trade recommendation ***
However, If you like my idea..., hit like, follow me, and do spread the word.
Operación cerrada: objetivo alcanzado
Short Target achieved in 1 day. A good 800 points

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