bank nifty- price volume analysis, long above 35500
BANKNIFTY1!
Price Volume Analysis
- Selling volumes have continuously declined each time between 35500 and 35000 levels
- bearish candle range is getting narrow
- momentum on downside is decreasing as supply is slowly getting absorbed
-volatility is also contracting as anchor vwap bands from top and bottom region are converging
-breakout above 35500 will be really positive for banking stocks
