while nifty is trading well above 20 dma
bank nifty has closed below it today.
bank nifty range is 258 which is quite low.
and atr(14) is now 380 which is lowest in post covid period.
if it breaks today's low its chance of slipping to 38.6 percent
of this upmove is there.
all depends on the out come of fomc meeting .
Hawkish comment by rbi in no way helped it.
any adverse from US counterpart may impact bank nifty.
if we see last 12 days we have red candles in 10 days.
indicating negative sentiment in bank nifty.
today's high and low important.
if this post helps you like my post.
follow me to get updates.
bank nifty has closed below it today.
bank nifty range is 258 which is quite low.
and atr(14) is now 380 which is lowest in post covid period.
if it breaks today's low its chance of slipping to 38.6 percent
of this upmove is there.
all depends on the out come of fomc meeting .
Hawkish comment by rbi in no way helped it.
any adverse from US counterpart may impact bank nifty.
if we see last 12 days we have red candles in 10 days.
indicating negative sentiment in bank nifty.
today's high and low important.
if this post helps you like my post.
follow me to get updates.
Nota
Nota
touches the center line of the channel.Nota
Nota
touched the 38.6 percent.as suggested by me.
Nota
Nota
about to touch the othe end of the channel.Nota
Nota
touched .
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Penerbitan berkaitan
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.