The banking sector is catching momentum lately. In 2 hour timeframe stock is in a range, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone . In the30mins timeframe it has formed some price pattern and also Supported by 50 daily ema .
The Indicator Used: PANEL 1: 1) Valuation band KEYS: Red Faded Cloud: Over Valuation. Grey Faded Cloud: Proper Valuation. Green Faded Cloud: Under Valuation.
Panel 2: 1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts.
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