back tested trendlines -can predict the price actions #banknifty
that red line is resistance .. bank nifty had tested the resistance ..if it breaks it ...then it should be explosive move . but more chances r toward down move ... there is one green slanting line starting from latest swing high candle (made by gap up) . that is the intermediate support ..if it broken we may see a fast down move toward last gree support line ... keep following this chart .... i assume these trend lines must predict the price action upto 75% accuracy . #banknifty