Market Trend Lab

(BANKNIFTY WEEKLY CHART) MACD  Positive crossover with  triangle pattern  (Shown with blue line)  breakout given a rally upto 12869 (till now). In earlier post we indicated about  'Bearish Gartley Pattern' of which CD will target 12800-13200 and it made high of 12869 and started correction , till now made low of 12430 . http://justbanknifty.blogspot.in/2014/03/banknifty-weekly-update-heading-to.html Now banknifty is in 'sell on rise' mode. Below 12480 it will be weak and may slip to   12250--12200 . on upside immediate resistance is 12635--12690.  Banknifty will have strength only above 12850-12870. NOTE:  1.   For stock ideas visit :  http://justbankniftystock.blogspot.in/