BankNifty 15m Timeframe Technical Analysis:
On the 15-minute timeframe, BankNifty has completed a spectacular short trade, smashing through all targets with strong bearish momentum. Price plunged well below the Risological dotted trendline, confirming the continued downtrend.
Key Levels:
Observations:
A sharp decline occurred right after entry, and price respected the Risological dotted trendline as resistance throughout the trade.
Bears dominated the session, pushing the price lower without retracing back to the trendline.
BankNifty's steep descent through all target levels underscores the market's bearish sentiment. With all targets achieved, traders may look for further downside potential or await signs of reversal.
On the 15-minute timeframe, BankNifty has completed a spectacular short trade, smashing through all targets with strong bearish momentum. Price plunged well below the Risological dotted trendline, confirming the continued downtrend.
Key Levels:
- Entry: 51,620.00
- Stop Loss (SL): 51,700.75
- Target 1 (TP1): 51,520.15 (Done)
- Target 2 (TP2): 51,358.60 (Done)
- Target 3 (TP3): 51,197.05 (Done)
- Target 4 (TP4): 51,097.20 (Done)
Observations:
A sharp decline occurred right after entry, and price respected the Risological dotted trendline as resistance throughout the trade.
Bears dominated the session, pushing the price lower without retracing back to the trendline.
BankNifty's steep descent through all target levels underscores the market's bearish sentiment. With all targets achieved, traders may look for further downside potential or await signs of reversal.
Most traders lose because charts are messy. Here’s how clear entries look with my method: Risological.com
> Apply on any cart, any time frame.
> Works on all markets: Stocks, crypto, forex, commodities, FnO
> 7-Day Money Back Guarantee
> Apply on any cart, any time frame.
> Works on all markets: Stocks, crypto, forex, commodities, FnO
> 7-Day Money Back Guarantee
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Most traders lose because charts are messy. Here’s how clear entries look with my method: Risological.com
> Apply on any cart, any time frame.
> Works on all markets: Stocks, crypto, forex, commodities, FnO
> 7-Day Money Back Guarantee
> Apply on any cart, any time frame.
> Works on all markets: Stocks, crypto, forex, commodities, FnO
> 7-Day Money Back Guarantee
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.