Yesterday after the breakdown Banknifty took support around 37700 range but today that range is broken and reached channel target of 37250 level.
Today morning banknifty tested its previous high 38200, unable to sustain in that range, which confirmed double top. Then we can see the sell off, after it came near yesterday low 37700 couldn't sustain. So breakdown confirmed and Channel target achived.
BANKNIFTY
Today morning banknifty tested its previous high 38200, unable to sustain in that range, which confirmed double top. Then we can see the sell off, after it came near yesterday low 37700 couldn't sustain. So breakdown confirmed and Channel target achived.
BANKNIFTY
