Bank Nifty - May 6

Price is bearish as long as it is inside the channel. And the movement will also be a zig zag move.
Pattern : Channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 49040.
Stop Loss : 48960.
Targets : 49120, 49200, 49280 and 49360.
Sell below : 48920.
Stop Loss : 49000.
Targets : 48840 ,48760, 48700 and 48620.

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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
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Resistance.

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Range.

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Moving along with the upper trend line.