BANKNIFTY given a breakout yesterday and closed above the top trendline. So, today there are 2 possibilities in banknifty, one is : taking support at top trendline and rallying to the next resisitance. Sencond one is : break down of top trendline and again trading in the descending triangle pattern. Lets see what happens today.
Commento:
Broken out and rallied to next resistance