bank nifty- price volume analysis, long above 35500

BANKNIFTY1!

Price Volume Analysis

- Selling volumes have continuously declined each time between 35500 and 35000 levels

- bearish candle range is getting narrow

- momentum on downside is decreasing as supply is slowly getting absorbed

-volatility is also contracting as anchor vwap bands from top and bottom region are converging

-breakout above 35500 will be really positive for banking stocks