BANKNIFTY making a Descending Channel Pattern which is mostly a Bullish Trend Indicator. Wait for the Breakout
Wait for the Breakout and my view is for the upside.
Let me know what do you think?
On the 4H chart, you can clearly see the Divergence.
Target Range>> 370-360
#NIFTY was facing a Divergence in CPR You can see it !!!
All the Buying zone and Selling Zone are marked...
You can see the clear Divergence in the CPR on the Weekly chart
It has to come down to test the supply zones
NSE:BANKNIFTY Full Bearish Pattern
Not sure cause its inside a channel but the major trend is downtrend
Date: 2nd JULY
Date: 1st JULY
Date: 30th JUNE