BANKNIFTY Long Term View

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Weekly chart suggest bull run firmly in tact. Today's price action made a slight Harami sort of pattern which is a little troubling. Possibly nearing expiry means the usual uncertainty. However as long as trendline holds, every dip is a buying opportunity towards this trendline . Further, while MACD/RSI suggests that the bull run is tiring, Heiken-Ashi candles further allay any fears. My trading call would be to wait till expiry and then look to ride the trend. Again, swing traders can stay long till no trend/indicator violation takes place
Jun 27
Comment: Wow, Banknifty is down about a percent. We might be entering into retracement territory. Todays close is crucial. Bearish Marubuzo and I'd short.


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