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BharatAsani

Bank Nifty bounced exactly from the trend line

Nifty Bank Index (NSE:BANKNIFTY)  
BharatAsani Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Trend Lines BANKNIFTY bankniftyanalysis
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trendanalysis trendline banknifty bankniftyanalysis
Bank nifty showed a bounce from the trend line despite low volumes today. Buy's(on dips) can be taken if it continues to show bullish momentum.
Trade active:
Bullish momentum seen & trade is active it still remains a buy on dips, today it dipped to 42394(days low) & then started going up from there.
Comment:
Momentum seems to be slowing down as today it failed to close above yesterday's high. Still no reason for a change in bias.

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BharatAsani
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