BANKNIFTY futures point to a steep correction in coming weeks

- Since early November, Banknifty futures have been steadily rising even as volumes keep dropping on a daily basis.
- RSI has been in overbought zone since end of November.
- Price has made a higher high but MACD has diverged making a lower high.

All these point to a steep correction in the coming weeks, imo.

Yorum:

Work in progress!