Nifty Bank Index
업데이트됨

BankNifty October 20

144
BankNifty Double Top Pattern Predicts Bearish Reversal

As expected, BankNifty opened with a slight gap down on October 19, 2023, following the double top pattern on the daily chart. The price tested the neckline support region, leading to a buy-sell war between bulls and bears.

Today's chart has formed another double top pattern on the 15-minute time frame, which further strengthens the bearish reversal prediction. The 2-hour chart also signals a bearish trend.

If the fundamentals and market sentiments align with the technical analysis, we can expect a bearish trend to continue in BankNifty.

#BankNifty
액티브 트레이드
Market is going as expected

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.