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UnknownUnicorn20734830

Traveling inside the channel - Banknifty analysis

Long
Nifty Bank Index (NSE:BANKNIFTY)  
UnknownUnicorn20734830  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns BANKNIFTY
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trendanalysis chartpattern banknifty
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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