September 15, 2010

Bank Nifty analysis

WEEKLY CHART
DAILY CHART
  • Bank Nifty weekly is trending up so strong it does not even want to go up in a channel. It is going straight up. 
  • But daily chart is hinting at some weakness especially that daily candle in the 2nd chart with long tail. almost looks like a shooting star pattern which is bearish.
  • But if yesterday's high's are taken out this bull run will continue.

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