Note: This is for educational purpose only.
There seems to be a build up near resistance of the channel in BankNifty. Not sure if this is accumulation or distribution. RSI is above 60 which indicates bullish strength. However, further up move can be seen on breaking the channel.
There seems to be a build up near resistance of the channel in BankNifty. Not sure if this is accumulation or distribution. RSI is above 60 which indicates bullish strength. However, further up move can be seen on breaking the channel.