Nifty bank also reaching strong supply zone now

Nifty bank also reaching strong supply zone now 1) Nifty bank chart attached in media. 2) This is weekly chart 3) Trendline drawn on charts 4) Strong supply zone is 54500/54700 5) We see a good retracement possible here of 500-700 points which can take bank nifty to 53700 6) Overall momentum is very good. RSI for the week crossed 60 as well. We see new high after retracement in coming week. 7) Stock on radar -

8) This is all for information 9) This is not a buy/sell call. Thank you, Technofunda24