BANKNIFTY EOD Analysis 10th June 2022 - More Downfall is coming!

Short

Nifty Bank Index (NSE:BANKNIFTY)

NSE:BANKNIFTY Nifty Bank Index

movingaverage volumestudies bnf bnfanalysis banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading bankniftyview bankniftyoptions

BANKNIFTY Is in full control of BEARS, as the downfall is continuous and looks like everyone is Selling.
Downward Parallel Channel strategy is working pretty solid as you can see in the graph

Even the last bounce we got is DEAD CAT BOUNCE and looks like it would not hold.

Next TGT on downside is easily 34180 levels and around the BUYZONE shown in graph.
On upside, BNF to face huge resistance at 34650-34800 levels, which seems intact in near term.

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