Bank Nifty Monthly Chart Analysis

As per the Analysis of Bank Nifty Monthly Chart. We can observe that it is continuing with its uptrend and the trendline support is still intact. Bank Nifty broke the support and it was immediately followed by a Engulfing bullish candle stick a strong reversal pattern. MACD Histogram crossing above Zero and RSI moving above 70 Levels is suggesting that it is in a strong uptrend and this may continue the next month. You can have a view at the chart where in I have marked my findings for your learning. Happy Learning and Happy Trading.