ashishchauhan

Banknifty What's Next??

Long
NSE:BANKNIFTY   NIFTY BANK
Banknifty closed at the trendline. Next move will depend on this trendline only.
From here if Banknifty do not break this trendline that is 20480-20490 range than a bounceback will b there to 20770-20780 range to 20920-20930 range.
But ift is broken then below 20480 we can see the downwards level till 20300-20310.
But for me as per my view downside is limited compare to upside.
Keep a watch...

$~ac~$
Ashish Chauhan,

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