The_Trader14

Banknifty at the point of decline.

NSE:BANKNIFTY   NIFTY BANK
BankNifty is at the verge of breakdown.

If it breaks 21066 the bottom line of the rectangle in an hourly chart with volume .

Then it will decline to 20500 and more.

Keep watching tomm as this will be a good support to reverse its trend or breakdown.

Play safe and Happy trade :)

Note: Views only for educational purpose. Consult your financial advisor before any trade.
Comment: If for any instance Banknifty takes support on the 21066 then it will go back to the 200 ema which will act as resistance.

Keep a tab.
Trade closed: target reached
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