As we can see as we analysed BANKNIFTY faced rejection exactly around 41500-41600 levels and fell over 300++ points now it is standings at a very crucial level as despite the fall it closed above the trendline and hence this closing above the trendline could either act as a retest to the breakout or the start of new fall hence the breakout confirmation will only be done if BANKNIFTY sustains itself above 41500-600 levels else we are stilll in downtrend being shown a fake breakdown