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satheeshSelvisubramanian

BANKNIFTY Trend and Pattern Analysis - 1 Hr TF (Sept 6)

Short
Nifty Bank Index (NSE:BANKNIFTY)  
satheeshSelvisubramanian  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Wave Analysis Contains image
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trendanalysis chartpattern waveanalysis containsimage
1) currently in top of parallel channel we can even call this as an Double Top
2) It tried to break 0.786 level of Fib but failed Due to physiological Resistance at 40k
3) OI data too confirm 40k has high call writing..so 4o k will have stiff resistance

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satheeshSelvisubramanian
BANKNIFTY Trend and Pattern Analysis
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