BANKNIFTY in a descending channel, false break expected!!

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As we can see similar to NIFTY, BANKNIFTY can also be seen in a tight descending channel getting rejected from both sides making it weaker hence we can expect BANKNIFTY to break either side now which could be a possible trap before finally continuing its uptrend hence we can look for signs of reversal after the break has been done either side for a good strong rally so plan your trades accordingly

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أغلقت الصفقة: تم الوصول للهدف

exactly as analysed! gave false break above the trendline showing signs of bullishness before the sharp fall