Bank Nifty- Bearish engulfing candle now on weekly chart
A big red candle this week completely engulfs the last weeks green candle. At a strong support level around 35500, which looks incapable of halting the slide.
We could see the support levels upto 33080 getting tested in the coming week(s). At 33k we should almost certainly see a rebound- but could also happen from an earlier support level. Other support levels in between are marked on the chart.
What level do you think bank nifty could rebound from?
We could see the support levels upto 33080 getting tested in the coming week(s). At 33k we should almost certainly see a rebound- but could also happen from an earlier support level. Other support levels in between are marked on the chart.
What level do you think bank nifty could rebound from?
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