BANK NIFTY positive divergence

• Bank nifty if it holds above the trend line shown in first chart will give a small rally towards its 200 DMA.
• MACD Bars are showing positive divergence with price. But price has not shown any positive movement till now. Divergence will start to take effect only if price confirms by making a higher close.
• If bank nifty breaks yesterday's low then positive divergence will start to vanish.
• CRUDE OIL CHART ANALYSIS