Bank Nifty Weekly Chart
Huge negative divergences are seen in Bank Nifty weekly charts.
Bank Nifty Weekly Chart
Weekly shows a rising wedge which is a bearish pattern.
Bank Nifty Daily Chart
Daily shows a bearish head and shoulder pattern after breajout from the rising wedge as seen on Weekly charts above.
Nifty Weekly Chart
Negative divergence in Nifty too with Nifty making higher highs and RSi14 and Macd failing to do the same.
Nifty Weekly Chart
Target of 22150 within reach after which we could expect a correction.
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Happy Trading !!
Lakshmi Ramachandran
