A BAT pattern is completing in Bank Nifty. As per my earlier post dt 28th Oct The retracement from butterfly seems finishing. A slight up side and then pull back in Bank Nifty is expected. The pattern will be invalidated if a Sharp surge or a Gap up opening is seen somewhere above 25840- 25850 levels.
Komen
⋅
Purpose : Educational
Komen
⋅
RSI divergence also there
Komen
⋅
Bank nifty sharply down from 25840 levels to 25560 levels for the day
Komen
⋅
so far so good the move from 25800 to 25900 was gradual and reversal of approx 400 points today itself