As we can see Bank Nifty has been in this channel from past many years. In between there are some breakdowns as well but it has acted as strong support zone. And interestingly RSI is also oversold. I am expecting upside and this view is only study purpose and for my internal notes. FINGERS CROSSED FOR NEXT WEEK :)
BankNifty at Trendline support BankNifty RSI is oversold Trendline or Channel support on Weekly and Daily TF
Note
Atleast we should get 1000 point pullback till 50k before any breakdown. If channel support breaks then 46000 is the next support as per chart and Oi Data
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