Bearish reversal in Bank Nifty?
The candles have respected the resistance by 20 SMA or the basis of Bollinger Bands in the daily chart of Bank Nifty.
The trend in the first look is bullish (Dow theory) but there are signs of weakness as well.
I would avoid trading in Bank nifty but if I have to, I will sell on the rise.
#banknifty #nifty
The trend in the first look is bullish (Dow theory) but there are signs of weakness as well.
I would avoid trading in Bank nifty but if I have to, I will sell on the rise.
#banknifty #nifty
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