looks like the tables have turned...turned out to be 2 grt fr the bulls....thr was a scare of a potential bull flag development and now we have broken it ...we could go and test the earlier highs of bank nifty and may be beyond...
akhil1206
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a potential bull flag developing ....if the trendline gets broken ...the shorts have to be covered
could bounce to 19000-19100...any closing above 19300 and we need to reconsider this startegy...
sushil6002
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so says ,we need to short in it.....
any strongly reason
akhil1206
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thr is a channel break....some momentum indicators r also getting weak....keeping a close eye...the scenario will be clear in a week or 2...and if it cracks we heading to the 38% retracement level....for the time some bounce is expected to test the channel again.