Currently banknifty is badly stuck 😫 , its huge resistance at 23,200 level now seems very difficult and clear sell off could be seen after pattern and channel breakout at 21,000 and Option chain data also showing same thing with more CE build up.
Triple Dhamaka is about to happen in Bajfinance be sure to Grab this opportunity, Check below :
1) Bearish Engulfing
2) Triangle Breakout
3) Volume & RSI Divergence
And moreover Option chain data also shows that writer is quite betting on CE side rather than PE side.
Just need to wait for trend line to break with volume support as 3 Candles of 4 Hours has shown sign of recovery and reversal,could be sharp upwards move as last 12 hours buyers are in control fro the stock.