- Bank nifty weekly chart falling towards the up trend line. Indicators in weekly chart continue to favor bears.
- 2nd chart shows price approaching a crucial support level between 11125 - 11225. There is also 50 Week SMA just below this level. So breaking below this range will be crucial for bears. Getting support here may give chance for bulls to come back.
- As long as price stays below 100 SMA and daily cloud trend will favor bears.
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