Nifty Bank IndexLong
BNF at a high prob reversal zone.
BNF CMP 51462
Fib- The current zone is a strong support.
Candlestick- we have an inverted hammer. which is a reversal candlestick pattern at the strong support.
Channel - the Index is down to is rising channel support.
RSI- The oscillator is above its bull zone.
Composite- On the right we have an hrly chart. And we have a strong positive divergence.
Conclusion - to me the Index is down to a high probability reversal zone.
Fib- The current zone is a strong support.
Candlestick- we have an inverted hammer. which is a reversal candlestick pattern at the strong support.
Channel - the Index is down to is rising channel support.
RSI- The oscillator is above its bull zone.
Composite- On the right we have an hrly chart. And we have a strong positive divergence.
Conclusion - to me the Index is down to a high probability reversal zone.
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.
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.