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BANKNIFTY in a tight range as of now, can move either side

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Supply and Demand Candlestick Analysis Trend Lines
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supplyanddemand candlestick trendline
As we can see BANKNIFTY had been in downtrend since last week now respecting a trendline, watching in a bigger time frame we can see BANKNIFTY in more like inverted flag pole pattern which is more like a bearish continuation pattern hence we can expect BANKNIFTY to break down but important levels to watch out are 41500-41800 being an very important SUPPORT and resistance being 42700 to which break above given level could show 200-300 points upside so keep watching everyone
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