Bearish, more Bearish, plan

The bigger flag has broken down and now looks like a further smaller flag is in formation. In scenario of further breakdown, above chart shows levels of targets using Fib retracements(on various time frames) and flag targets.

This scenario will be invalid if BankNifty breaks out above, given we have a possible scenario of double bottom as well.

Be prepared and trade with caution. Do leave feedback/comment/likes and follow for further updates.