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ST_SNOOPY

Bank Nifty given breakdown

Short
Nifty Bank Index (NSE:BANKNIFTY)  
ST_SNOOPY  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Trend Lines bankniftytrend bankniftytradesetup bankniftyview bankniftytrading bankniftylevels bankniftyprediction swingtrading swing
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trendanalysis supportandresistance trendline bankniftytrend bankniftytradesetup bankniftyview bankniftytrading bankniftylevels bankniftyprediction swingtrading swing
Banknifty has given a trendline, double top & a complex H&S breakdown. Have a short bias until the index closes above the trendline again.

Retest of trendline highly likely as the markets have been oversold since couple of days.

If the rally is on back of weak candles and volume, expect more downside to unfold in coming weeks.
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