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BANKNIFTY Trading Near Resistance Level

Short
Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Technical Indicators Wave Analysis BANKNIFTY bankniftytradesetup intradaytrade indextrading bankniftytrend elliotwaveanalysis
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chartpattern indicator waveanalysis banknifty bankniftytradesetup intradaytrade indextrading bankniftytrend elliotwaveanalysis
Since Last Few Days, Banknifty trading in broadening wedge pattern. Currently it's trading near resistance level.

- Downside Fall Rally Can Be possible upto 43000 level if banknifty gives reversal from this level. Based on structure of pattern more chances of downside in banknifty.

- Upside rally only possible if banknifty gives breakout of this resistance zone and sustain above it.

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