Somanathrout

banknifty 16 sep 2020

Somanathrout Updated   
NSE:BANKNIFTY   Nifty Bank Index
An upmove was expected as it has given today ,but more importantly it has missed to double bottom on trendline. So stay alert at 22500 as a sharp reversal can be seen from there. buy above 22500 candle close in at least one hour chart.
Comment:
One can see how a false breakout can be identified. Here it has to double bottom on the trendline but it didn't and broke down the support with more force.

Now 21600 might be the best buying opportunity.
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