Ravi_VP

BANKNIFTY: At important support. Bias downside

NSE:BANKNIFTY   NIFTY BANK
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.
Comment: Since support area respected downside view negated.

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