Weekly Chart
Daily Chart
The bank Nifty continued to move towards the rising wedge target breaking below the top made at 10224.The expected pullback resisted exactly at the gap resistance of 10402.A flag formation redrawn could hold the clue to further movement.A breakout on the upside could be bullish.
Oscillators show weakness indicating more fall to come.Daily stochastics is in the oversold region indicating the pullback could continue.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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