BANKNIFTY - HIGH ALERT!
BNF is exactly at the top of the rising wedge pattern on Monthly time frame with a Shooting star on Weekly time frame.
Evidently appears to be an inherent resistance right now unless this pattern is broken on the higher side and forms a reliable new channel or pattern
With the upcoming Pathmanabhan committee recommention on F&O segment and result season, we can expect a lot of volatility on the broader indices. But I am negatively biased for a upcoming correction to the tune of 10% to test Wedge bottom expecting further breakdown
What would be prudent and smart is left to your imagination
Disclaimer: This idea is for educational purpose only and does not constitute trading recommendation. Please do your own research or consult a SEBI Registered IA for Investment Advises
Evidently appears to be an inherent resistance right now unless this pattern is broken on the higher side and forms a reliable new channel or pattern
With the upcoming Pathmanabhan committee recommention on F&O segment and result season, we can expect a lot of volatility on the broader indices. But I am negatively biased for a upcoming correction to the tune of 10% to test Wedge bottom expecting further breakdown
What would be prudent and smart is left to your imagination
Disclaimer: This idea is for educational purpose only and does not constitute trading recommendation. Please do your own research or consult a SEBI Registered IA for Investment Advises
ملاحظة
Bang on retest zone 50350-49700. Made low 50194.3.. time for some retracement/consolidation before inching further down... 
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.