Akshay15

downtrend in banknifty

NSE_EOD:BANKNIFTY   NIFTY BANK
9 0 0
As per linear regression indicator it is evident that banknifty             is in uptrend & is in oversold levels
Aroon down is above aroon up indicating downtrend in banknifty            
MACD is also showing downtrend for now
But taking short position at this level seems little dangerous as main trend is up, one can go short but as soon as MACD & Aroon show sign of uptrend to takeover exit remember that trend is still up these are just corrections taking place
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