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📊 Banknifty at resistance

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Nifty Bank Index (NSE:BANKNIFTY)  
linesandlevels  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Harmonic Patterns Chart Patterns BANKNIFTY niftybank bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview NIFTY nifty50
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trendanalysis harmonicpatterns chartpattern banknifty niftybank bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview nifty nifty50
BANKNIFTY

📊 Banknifty one of the most favorite index of all day traders is at resistance. As one can see, simple Bearish Harmonic AB=CD pattern is there on Banknifty daily chart.
These 800 points zone might react like resistance for banknifty.
Banknifty might take pause here or might fall as well, so one can short banknifty, if find reversal in this zone.
📈 Bearish Harmonic AB=CD Pattern

PRZ 1:- 37019.30
PRZ 2:- 37243.70
Stop loss:- 37816.50 (closing basis)

To trade on this view, you must have knowledge of reversal trading. (trade as per your trading setup).


📝 If anyone facing any issues or not understanding anything than please ask you doubts in comments.

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******whatever charts or levels or ideas we are sharing here or on any other platform are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on it. We are not SEBI registered.
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