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BankNifty Weekly Chart Analysis | Reversal Zone 29500 or 27000?

Nifty Bank Index (NSE:BANKNIFTY)  
InvestPro_India Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns BANKNIFTY bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis bankniftylevels
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trendanalysis chartpattern banknifty bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis bankniftylevels
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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