BANK Nifty Weekend update

• Bank nifty daily chart shows MACD sell signal which will gain strength once price starts to trade below 20 day SMA(10454).
• Weekly stochastic too is showing overbought readings. But it's yet to give a sell signal. Price if sustains below 5 Week High EMA we should see a sell signal in weekly stochastic which should give good down moves. 
• For bulls to negate the above scenarios they have to do a breakout above the resistance line shown in the last chart.