Bank nifty is approaching Raising upper channel line on hourly chart.In past it has reversed from this line on 4 occasion bringing back prices to the median line of raising channel.
Any in the money long trades should be protected with stop-losses as prices can reverse sharply once we get reversal candle near upper channel line.
Any in the money long trades should be protected with stop-losses as prices can reverse sharply once we get reversal candle near upper channel line.