BANKNIFTY Trend and Pattern Analysis - Short Term View

1)Nifty approaching top of trend line
2)High Momentum found in Histogram of MACD if any reversal pattern found, we can contained it as an reversal
3)Pattern valid until current up move close below 38765
4)Wave C can take target of 29191(1.618) or 26207(2 level of Fib)