InvestPro_India

BankNifty Weekly Chart Analysis | Reversal Zone 29500 or 27000?

NSE:BANKNIFTY   NIFTY BANK
BankNifty would complete it's 0.382% Retracement at the 29500-29450 zone and expected to see a reversal from that zone. For some reason, if we break that zone, 27000 odd levels would be our next support (Less probability).

Both RSI and MACD looking weak on the weekly time frame.

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InvestPro India Team
Comment: We may open with 1000 odd points gap down and see the 29500 zone tomorrow.
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Comments

theurbanaura KuberPriya
@KuberPriya, Yes bleed red tomo..
+2 Reply
Great. You have simplified it
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@achittu, Thanks!
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You have given WhatsApp no , can I establish link to exchange thoughts on charts . Pl confirm
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InvestPro_India JagdishKumarPahuja
@JagdishKumarPahuja, Sure sir.
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