As we can see BANKNIFTY has finally breached the trendline and managed to close below. In bigger time frame, we can see BANKNIFTY forming more like a head and shoulders pattern trading currently at the neckline. Any closing below the neckline could give unidirectional fall so plan your trades accordingly.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.