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deepsimi

Bank Nifty Looks Bullish

Long
Nifty Bank Index (NSE:BANKNIFTY)  
deepsimi Updated   
NSE:BANKNIFTY   Nifty Bank Index
Oscillators Moving Averages Double Top or Bottom
3
0
oscillator movingaverage doubletoporbottom
Bank nifty made double bottom and RSI made higher lower which is a class B Bullish Divergence.
BN is about to break 50 MA after which it will move into short term uptrend.
Under this move BN will try to fill the gap depicting on the chart.
Comment:
cup and handle breakout point can also seen between 14 my to 29 may.
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