BANK NIFTY Analysis / Observation 40000

8 set 2022

BANKNIFTY

I strongly believe this is not a breakout, and might be a fake one as NIFTY HASN’T BROKEOUT YET
If NIFTY BANK breaks and closes above the parallel channel, then i may re-think about my analysis

Here’s a link to my previous Analysis
https://in.tradingview.com/x/yrk41aUu

I’m still thinking it may play out, keeping in mind of foreign markets.

Watch for breakout and close above the parallel channel and invalidation of H&S.

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PS: THOSE IS FOR EDUCATIONAL PURPOSE ONLY