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Bank Nifty Breakdown

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Updated On:

In our last Bank Nifty analysis, we pointed out that there could be a possible breakdown in “Bank Nifty,” below the angled line. Our unique “Angle” tool alerted us about this opportunity of 1000 points falling very early. Once the price gets closed below, the shown angle line, sentiments shifted into the favors of bears & after that every rise was selling opportunity.

Next Potential Move of Bank Nifty 

At present sentiments are still showing weakness, and entirely bears have the upper hand 26435 & 26047 will be the critical supports to look out for on the downside & 26880 & 27100 are the resistance.

Most traders look out for just Dates or for certain times & their “High or Low” to have a breakout, which in my view is not entirely appropriate or not the way of profiting in the long run. As a trader, it’s essential; for one to understand the delicate structure of Price & Time, as that is the missing application in most of the so-called trading methods.

But that is not the case here, at this site, our every method & trading course has been discovered on the proper structure of Price & Time, the same has been presented in the above post, where “TIME” alerted, us about its upcoming & possible move & that with the significant amount of surety.- Divesh

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About the Author

Divesh Jotwani is a Full-time trader in the Indian stock market. He has spent over 20+ years researching and discovering WD Gann's methods and applying them day in and out markets.