A BAT pattern is completing in Bank Nifty. As per my earlier post dt 28th Oct The retracement from butterfly seems finishing. A slight up side and then pull back in Bank Nifty is expected. The pattern will be invalidated if a Sharp surge or a Gap up opening is seen somewhere above 25840- 25850 levels.
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Purpose : Educational
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RSI divergence also there
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Bank nifty sharply down from 25840 levels to 25560 levels for the day
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so far so good the move from 25800 to 25900 was gradual and reversal of approx 400 points today itself