BANK NIFTY - Potential Bearish Butterfly And Short Opportunity
In the previous week, bank nifty has lost 422.35 rupees. A runaway gap of bank nifty was 369.65 rupees on the last Monday. Overall, it seems bullish ahead. We may see at 25000 to 25500 soon. But this is an alternative scenario.
According to this chart, the harmonic bearish butterfly pattern says bank nifty will start falling from here for the following target levels: 23960 - 23560 - 22886 - 22420.
To trade with Harmonic Pattern:
From point D, a trade can be entered with stops at or above (below) the price point at D.
According to this chart, the harmonic bearish butterfly pattern says bank nifty will start falling from here for the following target levels: 23960 - 23560 - 22886 - 22420.
To trade with Harmonic Pattern:
From point D, a trade can be entered with stops at or above (below) the price point at D.