banknifty weekly analysis

6 thg 10, 2021

banknifty is showing some weakness and also i analyse previous data it is moving in parabolic

also it is showing bearish divergennce on weekly timeframe iam not talking abot crash or something
iam just saying that it need some rest or retracement but it may be about 3000 points yeah it just a predictable no but it is

taken from historic data as in chart you can see price is moved up from the previous high but rsi is showing divergence and today it showed us pin bar
in weekly timeframe so ithink it is a right time time to book some profits and wait for correction and buy again this is my analysis and prediction as it is a market no one can right every time but be carefull

also you can do your own analysis and comment in please it just motivates me