BANKNIFTY Trend Analysis
Fall started at key level around 35985 (Dashed yellow line).
Today's closing below that level indicates possible fall.
There is a strong bearish divergence in RSI with declining trend in volume.
Most heavyweight constituents are in confluence as they are at their key resistance levels.
Expecting the bottom to be around 32200 level.
Do your own due diligence before taking any action.
Peace!!
Today's closing below that level indicates possible fall.
There is a strong bearish divergence in RSI with declining trend in volume.
Most heavyweight constituents are in confluence as they are at their key resistance levels.
Expecting the bottom to be around 32200 level.
Do your own due diligence before taking any action.
Peace!!
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