Looking At weekly chart it seems that banknifty may fall further As MACD is in strong downtrend, Similar goes with daily charts, But the trend can reverse at any time so be careful keep eye on MACD direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
