Nifty Bank Index

Banknifty short term view

Bank Nifty is showing strength in long term chart. In daily time frame it has shown 5 wave structure in upward journey. 5th wave target has reach up to 61% of 3rd wave. MACD has shown negative divergence between 3rd of 3rd wave and 5th of 3rd wave and also between 3rd wave and 5th wave.
https://www.tradingview.com/x/Vrcue0J1/

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