The much tested TRENDLINE is broken What’s next?

6 ม.ค.

As we can see BANKNIFTY fell unidirectionally as expected in our previous post as the trendline was tested multiple times making it weaker hence any sustainment below the trendline would lead to a good fall was our plan and it did happen. Now it can be seen closing at important demand zone but can also be seen in more like head and shoulders pattern in bigger time frame hence once again if breaks below then we may see a strong downfall in coming trading sessions so plan your trades accordingly.