Everything is suggesting a negative sign. The double top. Resistance line, the downward trend
TRIANGLE FORMATION.LIKELY TO BREAK IN DOWNSIDE.
Wait for few days and wait till it crosses 1507. Then it will just fly like a rocket.
A gap-up is required.
A very good consolidation zone. Breakout in any direction can give a good positional trade.
If falls bellow 1700 a free flow can take place upto 1647. Further bank nifty can drag it upto 1571.
