banknifty clear price action channel formation

2 Eyl

banknifty showing clear price action channel formation ( time frame : 1 hr) . the price respecting this channel for more than 2 weeks . its strong and reactive. price may showing reflections when it touches the channel either its upper band or lower band. today it close to the lower band. may get reflected from this lower band. if it broken this channel there may b good downside movement . for educational purpose only.