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SasikumarMani

Double Top, Next Target is Trendline Bottom.

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Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Wave Analysis BANKNIFTY bankniftytradesetup bankniftyanalysis bankniftytrend bankniftyshort stocksignals patterntrading Double Top Contains image
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trendanalysis chartpattern waveanalysis banknifty bankniftytradesetup bankniftyanalysis bankniftytrend bankniftyshort stocksignals patterntrading doubletop containsimage
Down Trend start, because Banknifty did not closing above previous top or resistance level and it formed Double Top. So we expect market coming down, next Target is Trendline Bottom.

And also Nifty 50 did not Breakout the Channel Pattern, Trendline also Breakout, SGX or GIFT also Breakout Trendline.

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Target Reached. Refer this image.
snapshot

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SasikumarMani
Down Trend start, Next Target is the Channel Bottom.
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