Daily Chart
The rising wedge support line was broken intraday but Bank Nifty managed to
close above it.I have redrawn the line to encompass today's low.The
close was once again below the 20 dema (blue).All demas are still
bullishly aligned.Macd has given another downtick and Rsi14 has turned
down.Stochastics however is moving up in a buy mode.
Daily Chart II
A flag which is a bullish
consolidation pattern seems to be forming, which should have an upward breakout ultimately,
but chances of testing 9758 before that are high .
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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