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BANKNIFTY still maintaining itself in a range.. yet to break!

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Lines Multiple Time Frame Analysis Candlestick Analysis
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trendline mtfa candlestick
As we can see despite the trend line breakout BANKNIFTY didn't move much as it got rejected at the psychological level of 45000 as we analysed in our previous analysis and maintained itself in a range throughout the day. Now we can see BANKNIFTY maintaining itself in a range of 44750-45100 levels. The break of 45100 could potentially show a unidirectional move filling the gap till 45600 showing a 400-500 points unidirectional move so plan your trades accordingly
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