Bank Nifty has started showing weakness after it was in an all-time high.

On the Daily Chart, there is a Negative Diversion which played really well today. Bank Nifty spot closed at 23542.75 -o.81%. The immediate support for the index is at 23300 levels.

On the weekly charts, there is a Grave Stone Doji candlestick pattern made at the top. We can see more weakness next week if the rising wedge breaks.

For a positional target, we have to wait and see the next week price action.

(Click on image to enlarge)

Daily Vs Weekly Chart

Daily Line vs Candle Chart