Wealthcam

Breakout done! Where is BANKNIFTY heading next..?

NSE:BANKNIFTY   Nifty Bank Index
As we can see BANKNIFTY finally broke out of a month long consolidation as analysed and saw the gap covering! Now we can see BANKNIFTY has successfully filled the pending gap and hence the above closing prices will act as a strong RESISTANCE now! if opens strong above 35150, we can see again a strong upmove till 35650 level which is its next strong resistance but if it opens weak then we can see BANKNIFTY remaining in range

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