My blog tries to Analyse the trend and patterns of stocks, Futures, Commodities and Forex Markets
July 6, 2015
Bank Nifty Resistance zone and Bullish MACD
Bank nifty continues to stay below the resistance zone.
Bulls are seeing price move above 100 Day SMA and MACD in weekly chart getting ready for a bullish crossover. But this bullish set up is completely depend on price. If price did not cross the daily resistance zone bullishness is limited.