BANK NIFTY Weekend update

• Bank nifty has closed above 5 Day High EMA again. But daily chart is near a resistance line as shown in the second chart. Price need to get out of this pattern for moving ahead. An upper breakout should also take out the 200 Day SMA for a bigger up move to happen.
• Weekly chart shows price getting support near lower bollinger band and price closing above week low ema. Weekly resistance is near Ichimoku cloud. Price must enter the cloud for an up move to happen. 
• Breakdown from the pattern shown in daily chart may continue the down trend.