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#banknfity Delta update for4th -6th Aug

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NSE:BANKNIFTY   Nifty Bank Index
#banknfity Delta update for4th -6th Aug

What do I see on #banknifty?

Bearish Cypher pattern getting formed and reversal point is 35,602 ( GAP - Resistance ), which falls in GAP area and high probability of reversal.

Still have 400 odd points on upside, trade with cautious.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't.

John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.

Regards,
SG .
Dagangan ditutup: hentian tercapai:
The price crossed the gap, the trade got closed.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.