March 21, 2013

BANK NIFTY Weekly chart analysis

 
 
  • Bank nifty weekly chart shows price testing the long term up trend line.
  • Weekly chart also shows price falling towards 50 Week SMA. There is also a resistance zone turned support around the same level. So together these levels may try to stop the current down move.
  • A weekly close below 50 Week SMA will extend gains for bears of BN.
  • AIRTEL HEAD AND SHOULDERS PATTERN
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