After reaching all time high with the support of results, bank nifty look like forming dojo/spinning top at these levels.
This is made strong in weekly chart as it has formed at top of a rally and close to all time levels.
Similarly HDFC, ICICI, Kodak doesn’t look positive on weekly chart either
After giving double top, JSW Steel fell to 666 level and has been consolidating since Aug 20th 2021.
Trend line, Chart and Indicators direct towards a bullish break out soon.
On Daily charts MACD is very close to make a crossover and RSI is closing on 50.
Watching out JSW Steel for next week.
Happy Ganesh Chathurthi!!!
