Double Top
Hey Guys, Please Support - Hit Like.
I just notice Nifty Bank is making (W) or Double Top pattern on weekly chart. Last time when Nifty Bank was at the same level It showed reversal. There was a selling pressure in last trading session also.
MACD is showing bullish reversal by making a green bar over histogram line. RSI gives neutral indication.
Nifty Bank Futures are showing bullish indication at the moment I am posting.
Option Chain Data - Strong support at 21000 level, major resistance can be seen at 21500 level.
No confirme trade signals, wait till price shows some movement I will update accordingly.
Usually double top is a sign of reversal in trend.
I will update the post once I will get any of the confirmation.
Please Feel free to add your opinion in comments.
Thanks.
I just notice Nifty Bank is making (W) or Double Top pattern on weekly chart. Last time when Nifty Bank was at the same level It showed reversal. There was a selling pressure in last trading session also.
MACD is showing bullish reversal by making a green bar over histogram line. RSI gives neutral indication.
Nifty Bank Futures are showing bullish indication at the moment I am posting.
Option Chain Data - Strong support at 21000 level, major resistance can be seen at 21500 level.
No confirme trade signals, wait till price shows some movement I will update accordingly.
Usually double top is a sign of reversal in trend.
I will update the post once I will get any of the confirmation.
Please Feel free to add your opinion in comments.
Thanks.
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.