In the next few days, BANKNIFTY can potentially break the major level of 23000. The stock can go in a bearish trend if BANKNIFTY can break the level. As seen in the chart, 23000 was a major resistance level. But BANKNIFTY was able to break that level. Now 23000 is a major support level for the same.
INDICATIONS:
1) The stock price has crossed EMA200 and went below the level.
2) The stock has formed a BEARISH ENGULFING pattern.
3) The stock is about to break the major level of 23000.
For Bearish Trend:
TARGET: 22500
STOPLOSS: 24100
(DISCLAIMER: This information is only for analysis purpose. Trade with the given information at your own risk. I will not be liable to any losses incurred to you in this trade.)
INDICATIONS:
1) The stock price has crossed EMA200 and went below the level.
2) The stock has formed a BEARISH ENGULFING pattern.
3) The stock is about to break the major level of 23000.
For Bearish Trend:
TARGET: 22500
STOPLOSS: 24100
(DISCLAIMER: This information is only for analysis purpose. Trade with the given information at your own risk. I will not be liable to any losses incurred to you in this trade.)