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Bank Nifty in parallel channel

Nifty Bank Index (NSE:BANKNIFTY)  
tradingp3  
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Trend Analysis
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chartpattern trendanalysis
Bank Nifty moving in a parallel channel. Currently at the channel bottom, could bounce from here. Even if it opens gap down tomorrow on 9/05/2022, it may bounce from support and close above channel bottom.

Until daily candle close below channel, there is a high possibility of reversal.. depends on global cues, Crude price and VIX.

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