Is it still a bearish Flag ?
2 things plotted here.
1 - Fibonacci retracement. Today it has crossed 50%, and the 61.8% retracement is at 26175 which is still a way to go.
2 - BANKNIFTY is moving in a channel and to me, it STILL looks like a bearish flag which can break down. It would be rare where it can breakout on the upperside. So I still have a negative bias.
Any other observations
1 - Fibonacci retracement. Today it has crossed 50%, and the 61.8% retracement is at 26175 which is still a way to go.
2 - BANKNIFTY is moving in a channel and to me, it STILL looks like a bearish flag which can break down. It would be rare where it can breakout on the upperside. So I still have a negative bias.
Any other observations
Aviso legal
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