Is BANKNIFTY heading for Reversal ?

BankNifty has been trading near the support of Rising wedge pattern (a reversal pattern). It has been facing the resistance at the 38.2 Fib levels from the past week. If it heads for correction its likely gonna find support at 23.6 Fib level, which is near 20000.

Cheers.

This is as per my analysis, please do your own analysis before doing any trade/investment.

Feel free to comment on the post, about your view.