Bank Nifty Looks Bullish
Bank nifty made double bottom and RSI made higher lower which is a class B Bullish Divergence.
BN is about to break 50 MA after which it will move into short term uptrend.
Under this move BN will try to fill the gap depicting on the chart.
BN is about to break 50 MA after which it will move into short term uptrend.
Under this move BN will try to fill the gap depicting on the chart.
Note
cup and handle breakout point can also seen between 14 my to 29 may.
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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.