Is BANKNIFTY reversing?

newtrader101

Well-Known Member
#1
Jupiter rules the bank industry. On 10-06-2017, Jupiter turned direct.

  1. You can see from 9-10 June, it has started faltering.
  2. Now formed a doubletop.
  3. MACD HIST bearish divergence from 5/5 to 1/6.
  4. Increasing bearish vol for the past two days.
  5. Large bullish vol today but very little price rise. Bulls could be losing out.
 

newtrader101

Well-Known Member
#2
Update: Bank Nifty has broken the recent high of 22/06/17 , the bearish Stochastics divergence did not work. It could mean its going to climb new heights.
 

newtrader101

Well-Known Member
#3
Look at how BANKNIFTY rocketed upwards, instead of falling. It continues even now, and shows no sign of abating. I must recall here that Sri Varun Kocchar had forecast this correctly nearly 1.5 mths back.
 

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