A rising wage pattern on the daily timeframe and also have a good resistance at around 105 and will face some support at around 74, also on a lower timeframe (1H) it's making a Head & Shoulder pattern which is a clear sign of downtrend. and also option data supporting that its going to go downwards next month so 3 strong points 👍
It may come down for testing the trendline with the Support Or may break also...
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
Not sure cause its inside a channel but the major trend is downtrend