BANKNIFTY VIEW POSTED ON 06 JAN

Banknifty is following downward channel since 04 Jan 2023.
Breakout possible if upper channel broken upside and retested as support.
Breakdown if lower channel broken downside and retested as resistance.
Draw and extend the channel to follow the move of banknifty .
Closed at Resistance.

This is for papertrade and educational purposes only. Please analyse yourself and also consult with your financial advisor before investing.

Happy trading.