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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