Everything is mentioned in the chart
On Jul 18 2019 mentioned that Resistance(30840 nearby) available.
There is still more in small 4 channels of trend is up while 5th Channel is a flat trend.
On the date Jul 14 2019 BankNifty at support of channel
- Banknifty also difficult to understand as wave movements.
- Price is near the channel support.
- Smaller positive new can boost banknifty to upward from the value low.
Banknifty is positive which indicate the direction is not clear and market waiting for news.
We have also gone to smaller time frame to get more confident for the way.
We detected 5 channels in recent created.
After breaking the channel, we have seen a minimum 1000 points move.
We are standing at the ending of the channel, ready for minimum 1000 points move.
Considering this, you will find two Flag Patterns which are indicated by a black line with an arrow. If you observe closely flag-pattern (i), and then you can clearly see a picture of the future if not wrong anything.
What we have mentioned in the past has verbatim followed, you can check out above charts also for clear perceptive.
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