Nifty Bank IndexShort
The correction still not done
BNF CMP 52600
Gap support- the stock is holding above the gap support at 52580 on the daily charts.
RSI- on the weekly and daily charts the oscillator was in the bear zone while the stock nearly went all the way up to the highs.
Pattern - with all the other indicators I can also see the H&S pattern.
Conclusion - in my view the gap support will be broken and the Index will continue to fall.
Gap support- the stock is holding above the gap support at 52580 on the daily charts.
RSI- on the weekly and daily charts the oscillator was in the bear zone while the stock nearly went all the way up to the highs.
Pattern - with all the other indicators I can also see the H&S pattern.
Conclusion - in my view the gap support will be broken and the Index will continue to fall.
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