BANK NIFTY: Flying Rocket or Sinking Ship

Bank nifty is moving in a channel after the breakdown. Now as per current scenario it is in a mix level depending upon the sentiments of people. Bank nifty might show a breaout as it crossed the median line of bollinger band which make it bullish. The RSI is also at a good level showing no sign of weakness. But if BNF continues to move in channel then it should show a breakdown. Lets see how it goes.