LEARN AND EARN: BANK NIFTY BROKEN SUPPORT LINE

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Wednesday, 25 March 2015

BANK NIFTY BROKEN SUPPORT LINE

Bank Nifty(18310) has broken and closed below the medium term support trendline. But also note, the volumes are decreasing, which shows that the selling interest IS decreasing. Hence, it indicates the reversal is on the cards. I have drawn another trendline which can act as the support. The arrow of that trendline is pointing towards 17500.
This is just analysis/ view. No trade recommended.

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d7 April 2015 at 12:49
BANK NIFTY LOW MADE THEREAFTER 17719
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Wednesday, 25 March 2015

BANK NIFTY BROKEN SUPPORT LINE

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