Bank Nifty is also showing weakness at resistance

Bank Nifty is also showing weakness at resistance
area, can come down to 17600 area, as per the
pitch fork channel median support.

Kommentera:

Forgot to add that, to read this from a learner perspective. I am so much exited with this platform allowing me to post my views. and i am posting my musings, it need not to be right all the time. But it is a SERIOUS study for me. i am trying hard to combine many things, like the indicators, the pivot values, Fibonacci ratios, the open interest data, the waves and what not. the market is a beast no one can control it between two lines. so let us move with it.
one more thing, i am not a full time trader or a market guy, i am employed in engineering field, and will not be available to follow every movements in the market. i closed my short position yesterday at small loss.
still happy to see market falling.

Kommentera:

BANKNIFTY reached the target but it took more time than expected.now 1800 will act as a resistance. it can come down to 17150.