Nifty Bank IndexFormazione
Trading Channel Resistance
Bank nifty is approaching Raising upper channel line on hourly chart.In past it has reversed from this line on 4 occasion bringing back prices to the median line of raising channel.
Any in the money long trades should be protected with stop-losses as prices can reverse sharply once we get reversal candle near upper channel line.
Any in the money long trades should be protected with stop-losses as prices can reverse sharply once we get reversal candle near upper channel line.
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