Bank Nifty has started showing weakness after it was in an all-time high.
On the Daily Chart, there is a Negative Diversion which played really well today. Bank Nifty spot closed at 23542.75 -o.81%. The immediate support for the index is at 23300 levels.
On the weekly charts, there is a Grave Stone Doji candlestick pattern made at the top. We can see more weakness next week if the rising wedge breaks.
For a positional target, we have to wait and see the next week price action.
(Click on image to enlarge)
Daily Vs Weekly Chart
Daily Line vs Candle Chart
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