pn202377

Bear market

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NSE:BANKNIFTY   Nifty Bank Index
After covid-19 crash, market had made a correction like this in the month of Feb of 2021 to May of 2021 then started a bull rally to 42000 (ATH) and now again from the month october it corrected again like as before almost 18%. But i followed one thing the correction of Feb 2021 didn't cross the 200 ema in daily time frame but today it breached 200 ema may be the market could be more volatile or to negetive and my analysis or u can say prediction is that BANKNIFTY will come to ~32500-32000 level then it can get support restart a fresh bull rally or a sideways to up market.


I am right? if not then you can comment :)
i will be happy.


DISCLAIMER:-
** This analysis is completely for education purpose. **
** Beginners don't relay on it. **
** I will not be responsible for any kind of loss. **
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