February 20, 2014

BANK Nifty Chart analysis

WEEKLY CHART
DAILY CHART
WEEKLY CHART
 
  • Bank Nifty Weekly chart shows stochastic reaching oversold zone. No reversal confirmed yet.
  • Daily chart is testing falling resistance line. Bulls must trade above this line.
  • Weekly chart also shows weakness at cloud. Bulls should do a cloud breakout for a bigger up move to happen. 
  • Weakness at the falling resistance line will favor BN Bears.
  • AXIS Bank Falling Wedge breakout and Resistance levels
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