Banks Has good weightage in TASI and thus following the similar behavior as TASI
Beautifully following Falling Wedge Pattern.
Bearish Until End of Nov
Short Bullish retracement within Falling wedge is expected by End of November Until top of falling wedge.
Watch individiual stocks
Trade with Stop Loss
Note
TBNI Banks Index is following the same pattern as TASI with heavy weightage sectorAfter a false breakdown from Descending Channel, it is back to the channel.
An upside movement for almost 2 weeks is expected until the top of Descending Channel.
Watch individual stocks within the sector for trades.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.