Banknifty at the point of decline.

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