Double Top
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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.
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