BANKNIFTY WEEKLY UPDATE : MACD near support line of 'Rising Wedge' .. will budget bring Acche din..?////
(BANKNIFTY WEEKLY CHART) Banknifty in week timeframe is trading well within the channel (shown with pink color) made high near the resistance line 20907 . Now channel support comes around 18000-17900 . MACD has made a rising wedge and now it is near the support line and even the price near the support line of channel..so breaking of same only will make banknifty weak and till than bias is positive. In week timeframe banknifty above 19000 it can move to 19500----19800--20200 where as below 19000 it has support near 18500--18200--17900 ************************************* NOTE: FOR PAIR TRADING VISIT OUR SEPARATE SITE: http://justbankniftystock.blogspot.in ********** THOUGHT OF THE DAY: "Its better to be UNIQUE than the The BEST, because... Being The BEST makes you the number one, But.. Being UNIQUE makes you THE ONLY ONE !!"