NIFTY:BANK, has broken critical support today. Posted a bearish view here on 12th,APRIL.. CMP then was 37,700. Earlier mentioned 2 Targets of 36,200 and 35,350 on spot. Both were achieved earlier. Since it gave a daily close belo 37,500 TIME here has turned bearish. From here there is only 1 Target on downside. Which is, 32,400 on spot. Rallies would come and go, avoid upsides. Gradually it has to test 32,400. And break it convincingly. All private sector banks are breaking pattern supports. Earlier posted views on them Individually. Should go through that and mark down levels. Respect markets and keep looking for sell trades.https://ganntradersaahil.wordpress.com/2022/04/12/nifty-bank-view-3/
NIFTY BANK Update
Published by SAAHIL BELIM
MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt! View all posts by SAAHIL BELIM
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