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BANKNIFTY hourly chart analysis

Nifty Bank Index (NSE:BANKNIFTY)  
k314 Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftytrend
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trendanalysis chartpattern indicator banknifty bankniftytrend
1) BANKNIFTY has a strong support at 24800-24780 zone.
2) A breakdown below this level could take it towards the channel bottom.
3) The downside now looks bit shallow compared to the upside.
4) A breakout above 25700 is important for the prevailing uptrend to continue
Comment:
Channel bottom broken yesterday. Further downside could be seen
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