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kalyanganguly

Bank Nifty - Build up near resistance

Long
Nifty Bank Index (NSE:BANKNIFTY)  
kalyanganguly  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY niftybanknifty niftybank niftybankanalysis niftybanktrend
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trendanalysis chartpattern indicator banknifty niftybanknifty niftybank niftybankanalysis niftybanktrend
Note: This is for educational purpose only.

There seems to be a build up near resistance of the channel in BankNifty. Not sure if this is accumulation or distribution. RSI is above 60 which indicates bullish strength. However, further up move can be seen on breaking the channel.
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