Ranjethkumar

Traveling inside the channel - Banknifty analysis

Long
NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY clearly underperforms NIFTY . In order to outperform the price has to come out of the channel and sustain above its immediate resistance (ATH). Its good to initiate long if the price action shows some bullishness when the price touches the channel bottom.

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