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Weakness in NIFTYBANK

Short
Nifty Bank Index (NSE:BANKNIFTY)  
Abhi_The_Chart_Reader  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis BANKNIFTY weakness expected downtrend lowerlow lowerhighs indianstockmarket
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trendanalysis banknifty weakness expected downtrend lowerlow lowerhighs indianstockmarket
BANKNIFTY

Weakness Observed in this current uptrend wave.

Reasons

1. Series of HH - HL has been broken and a new LL has been created.

2. Continuous decrease in RSI indicates weakness in trend.


This Analysis is not a trade recommendation. It is completely for study purpose only. Do your own study and research before getting into the trades.
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