TRAPPED! Exactly as analysed.
As we can see BANKNIFTY did tried breaking out of the channel as we analysed in the previous analysis and showed a sharp fall of more than 500++ points fall. Hence now if BANKNIFTY opens flat we might see more of a downfall in coming trading sessions and no change in trend can be witnessed unless BANKNIFTY breaks out of this channel till then we can see BANKNIFTY to remain in channel before finally continuing its uptrend so plan your trades accordingly.
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