One can find the similar patterns in Nifty as well as Banknifty. Expect the downward trend in Banknifty.
It may test the 16000-16250 range if support at 17000 breaks.
Nifty may go downwards and test Fib 0.5% level.
One can expect 7987 range in near future.
Cup and Handle Break Out.
Cup and Handle Breakout...