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Nifty Bank Index
Short

Weakness in NIFTYBANK

109
BANKNIFTY

Weakness Observed in this current uptrend wave.

Reasons

1. Series of HH - HL has been broken and a new LL has been created.

2. Continuous decrease in RSI indicates weakness in trend.


This Analysis is not a trade recommendation. It is completely for study purpose only. Do your own study and research before getting into the trades.
Abhi_The_Chart_Reader
BANKNIFTYdowntrendexpectedindianstockmarketlowerhighslowerlowTrend Analysisweakness

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.
BANKNIFTYdowntrendexpectedindianstockmarketlowerhighslowerlowTrend Analysisweakness
Abhi_The_Chart_Reader

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.