Bank Nifty- Going for a breakdown?

١٥ ديسمبر ٢٠٢١

Bank Nifty made a red candle- body identical to yesterdays green candle. Again opened and closed below 20EMA/50EMA and 100EMA--below all three. A consolidation move probably before we see a major breakout/breakdown. Breakdown is most likely as the candlesticks are below EMAs.
PCR fell marginally again and FIIs are on a relentless selling spree.
What do you read?