BANK NIFTY Near resistance lines

  • Daily chart managed to close above 200 SMA.
  • Weekly chart has the tougher task of breaking out of the channel.
  • Indicators have come to the overbought zone in weekly time frame. So there has to be a breakout for sustaining this up move. 
  • Bears badly need a negative weekly candle at this level.


Posted by San at 7:38 AM

0 comments:

Post a Comment

RECENT POSTS

DISCLAIMER

Niftychartsandpatterns shall not be held responsible for the actions of individuals, parties, or corporations taken in response to the ideas, thoughts, concepts or information presented in this blog. Hence all the visitors are requested to apply their prudence and consult their financial advisor before acting on any of the recommendations by this blog.