Bank Nifty weekly trendline breakdown?? Caution ahead..

Bank Nifty on daily charts is oversold but on weekly is at important support .see chart.
it might go sideways for sometime and might have a breakdown.
better to sit with cash than time the market..

Do your own analysis before investing

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still clinging on to the trendline..barely..

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bank nifty forming weekly bullish engulfing on the trendline?? will know by the end of the week..