2nd peak has less than 3% penetration compare to 1st peak which is valid for the pattern.
Gap has seen in second peak.
Neck Line is clear at 26576.
A trough is rounded as per Double Top required.
a decline in the second peak with accelerated descent
Currently existed support at 28458 (resistance turned support).
After breaking 28458, we can see next level 27466 which is a retracement of 0.618.
All major supports and resistances are plotted on the chart from 2012 to 2020 with the strong and tight channel.
Here are two channels being seen in a large channel drawing a small channel inside a chart. A small channel having support which is sign for reversal at the support 28147(Resistance can be current support)
So in this case can I go with Buying ATM Put for Mar Series. Or should I wait for suitable time frame as Market as already down today.