Nifty Bank (NSEBANK) @ over bought zone in 30 min chart shows week
Nifty Bank BUY above 40471
leading indicators shows SELL signal in 30 min time frame so careful trade while go long on Nifty Bank tomorrow.
STOCHRSI(14) -Overbought SELL signal
CCI(14) - SELL signal
Thank you
NiftyBank from last few session trading in a Zone, between 38000 to 37300.
Also in last trading session, its closed at bottom of Darvas box zone with fib support of 61.8%
So for tomorrow watch for
---if current level broke then will test 37200 levels for gap filling & further to 36900 (50% fib support)
OR
---if move Up and sustains above 37300 levels then it...
NSE:BANKNIFTY
Most of the levels remains same.
Observations:
1) On daily time frame, in last we have applied FIB retracement on daily time frame.
And today it closed just near 38.20% level of Fib Retracement. If it sustain above this level tomorrow then we can see 40656 as next big level may be in a day or two.
Please refer below chart : 1 day Time...
![BANKNIFTY: Simple Trade Setup | BANKNIFTY | 03-11-2021 [ INTRADAY]](https://s3.tradingview.com/u/uYLS4ip4_mid.png "Simple Trade Setup | BANKNIFTY | 03-11-2021 [ INTRADAY]")
