BANKNIFTY closed below trendline!! Rejection coming ??
As we can see BANKNIFTY did managed to show strong upmove after opening strong above the trendline resistance but ended up closing below the trendline with big wick above forming more like a bearish hammer showing signs of weakness. Hence as long as BANKNIFTY doesn’t sustains itself above the trendline, every rise can be sold so plan your trades accordingly.
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