Bank
Nifty made 5th time Bearish harami patterns on daily chart from last
low 13519. Bearish harami is made up of two candlesticks .Bearish
harami The first has a large body and the second a small body in
other words we can say that large bullish green candle on Day 1
followed by a smaller bearish or bullish candle on Day 2. this
pattern is considered to be a signal of trend reversal, it indicates
that the bull is weakening and there is a possibility of bear to take
over the market. But it needed conformation on next candle so that
trend will be confirm.
BANKNIFTY
SPOT CLOSED @ 18706
5DMA@
18770
20DMA@ 18414
50DMA@ 17809
20DMA@ 18414
50DMA@ 17809
WEEKLY
EXPECTED RANGE IN NEXT WEEK FOR BANKNIFTY
RESISTANCES:19137,19725
SUPPORTS:
18896,18563,18335
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