BANKNIFTY
has formed inverted triangle pattern below previous major support which is now acting as a strong resistance and stopping bnf from moving upside ,bnf should be ready for a major correction as it has created the pattern while testing all the fresh support and now there is nothing to stop the fall, but in case if bnf manages to break the pattern upside it will be breaking the resistance and big upside move will be seen.
Comment:
#bnf broke the poattern downside and easily achieved first target of 41162 level and reversed from there, ended up trading below previous support as that support is now acting as resistance area, if bnf breaks today's low tomorrow before 11, we will get the 2nd target easily