Unable to cross rsi resistance
With inflation woes still pending
and populist measures to control inflation.
there is almost no trigger to lift bank nifty higher.
It is unable to cross rsi 48 strict resistance zone.
The up move was unable to cross even 50 percent
of the decline.
all we need strong bounce from bank nifty to
cross this resistance zone in rsi ,otherwise selling in this
zone will work or has been working for last some days.
Bank nifty has been in correcting phase and it can be complex correction too.
one leg of correction is over,but small bounce is being faced with intense selling.
Do like my post if it is helping you.
follow me to get updates.
and populist measures to control inflation.
there is almost no trigger to lift bank nifty higher.
It is unable to cross rsi 48 strict resistance zone.
The up move was unable to cross even 50 percent
of the decline.
all we need strong bounce from bank nifty to
cross this resistance zone in rsi ,otherwise selling in this
zone will work or has been working for last some days.
Bank nifty has been in correcting phase and it can be complex correction too.
one leg of correction is over,but small bounce is being faced with intense selling.
Do like my post if it is helping you.
follow me to get updates.
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