March 23, 2019

BANKNIFTY daily and weekly charts

- trend is up
- now trading at all time highs
- from 27000 to 30000, index maintained higher high higher lows
- Friday we saw this break and index formed a bearish engulfing bar

- there is no swing low between 26500 and 30000
- a correction may lead to formation of a higher swing low

Daily charts:

Weekly charts:
- region of 27500-28000 is likely to offer support

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