Banknifty putting in a topping phase as well with Nifty
Similar conditions as in the nifty idea I shared earlier. Top of parallel channel, distribution visible in RSI. SL is weekly close above ATH.
Look for breakdown of the upsloping red line for confirmation of trend breakdown instead of picking a top.
Disclaimer : For educational purposes only !
Link to Nifty idea :
Look for breakdown of the upsloping red line for confirmation of trend breakdown instead of picking a top.
Disclaimer : For educational purposes only !
Link to Nifty idea :
