BANKNIFTY weak below trendline..?

10 lug

As we can see BANKNIFTY has fallen more than 1000 points from its ATH and can also be seen forming head and shoulders pattern followed by trendline support. We’ve decided that as long as BANKNIFTY is inside the structure, we can expect it to be sideways to negative and hence we can expect BANKNIFTY to continue its sluggishness and break of structure could lead to even bigger fall so plan your trades accordingly.