* BankNifty is likely to breakdown from 18200 zone to 17800-850
* CNXIT is due for a leg down to 9800-9900 zone.
* Market heavyweight Reliance (RIL) also weak, technically.
The above market internals are also supporting the above hypothesis. Lets wait & watch.
Markets can prove everything wrong. Manage your risk carefully :-)
Invalid only closing below 7850.
Most important, if you don't like any posts then simply ignore and move on rather than wasting energy by writing useless comments. Though, we always welcome constructive feedback. :-)
Can learn some basics of this pattern here. http://www.investopedia.com/university/charts/charts4.asp