November 19, 2013

Bank Nifty Chart analysis

  • Daily chart shows price near 200 Day SMA. Last attempt to stay above this has failed.
  • Weekly chart shows support around 10900 levels. Sustaining above this level price may attempt the Golden ratio near the recent swing high.
  • Last chart of BN shows the weekly chart with the corrective up move for the fall from 13414 levels. If price fails to trade above the cloud the fall may resume.

No comments:

Post a Comment