BANKNIFTY: At important support. Bias downside
Updated
The support area extends up to 30200. If the price breaks this level in the next two days the next support will be around 28500. There is a divergence between price and RSI.
On daily time frame there is a break out of head and shoulder. The target for HnS and the up sloping trend line coincides around 28500.
On daily time frame there is a break out of head and shoulder. The target for HnS and the up sloping trend line coincides around 28500.
Note
Since support area respected downside view negated.
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