Trend in Banknifty still promising

5 Eyl 2020

There is evidence that a flattening of the trend has taken place with each trend break resulting into more flatter curve. However when we read the volumes we are still in positive tracjectory, when we study price there is still positivity , THE MAXIMUM the bank nifty can fall is touch previous week's low i.e. 600 points down from here , however the BN has taken pivot from the level where there was formation of double top, which makes the case that bulls might be tired for some time but they have full force to make the upmove happen again, or can atleast keep the action in sideways momentum.