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BANKNIFTY showing signs of RECOVERY in short term…?

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Supply and Demand Candlestick Analysis Multiple Time Frame Analysis
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supplyanddemand candlestick mtfa
As we can see BANKNIFTY got rejected from the previous acting SUPPORT which is now acting as a RESISTANCE. BANKNIFTY cannot be said to have changed the trend unless it breaks the previous psychological level and the support of 40000 levels hence from these we can analyse that BANKNIFTY is still in downtrend as of now unless its recent high is broken
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