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Nifty Bank IndexNSE

Description

⋅ Feb 25, 2017 1:16 PM

Banknifty has gone on to make new high but when i checked on weekly chart 25-day ROC with
20-day EMA on it. As can be seen ROC is unable to go above 20-day EMA. If you check in the past such divergence calls for correction in the market.

Comments

vanathi

⋅ Feb 27, 2017 7:26 AM

Good analysis...