View on Bank Nifty : The Bank Nifty index on the daily chart has formed an evening star pattern Says Kunal Shah, LKP Securities
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View on Bank Nifty 26 July 2022 By Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
"The Bank Nifty index on the daily chart has formed an evening star pattern on the daily chart which indicates a pause in the current uptrend. The follow-up action after a bearish pattern formation is necessary and if happens will lead to a further fall on the downside towards 36000-35700 levels. The immediate upside resistance stands at 36,600 and if breached will lead to fresh short covering towards 37,000 levels."
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