Daily Chart
Daily Chart II
The pennant, a continuation pattern indicates further fall . The Bank Nifty fell hard and broke down from the pennant.Target should be 9665. This move should break the head and shoulder pattern having neckline around 10677 furthering the target to 9377.
Supports on the way down are at 10756-10677-10546.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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