Bank nifty chart - Technical update
Weekly chart
Nifty bank
Trendline retracement
Bounce back has been seen on charts
Chart attached in media
However, we are still below 40 RSI on weekly chart
Hence, we are in sell on rally market.
Stock on radar will be ICICIBANK
FII selling is still not stopping.
We are facing double proble as of now 1) WAR 2) FII selling.
Supply for bank nifty at 54200-54300
Support 53300-53400
All this is for information. This is not a buy/sell recommendation.
Thank you,
Technofunda24
#StockInNews#WatchOutFor

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