BANK NIFTY Analysis

• The descending channel of bank nifty shows how perfect the down trend is. 
• Price broke another important support at 10470 this week.
• Candlestick pattern shows a possible reversal in coming days, But this needs confirmation a lower opening followed by a lower close will spoil the hopes of bulls. While a high opening can keep the hopes alive.
• Any up move from here will find resistance at 10470 level. So a bigger up move will unfold only when this level is taken out.
• RCOM DESCENDING TRIANGLE