BANKNIFTY | WHAT'S NEXT AFTER NEW ALL TIME HIGH?
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BankNifty has broken its previous All-time High of 37708 and closed above this level. BankNifty forming higher lows and following an ascending triangle pattern.
Possibility 1 - After consolidation at upper levels, BankNifty breaks the upper yellow line and moves towards marked green targets on the chart.
Possibility 2 - BankNifty may come down to retest the lower yellow rising line and then BankNifty breaks the upper yellow line and moves towards marked green targets on the chart.
Possibility 2 - BankNifty may come down to retest the lower yellow rising line and BankNifty breaks the lower yellow rising and give a breakdown.
I would try to update this BankNifty Positional Idea regularly.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Possibility 1 - After consolidation at upper levels, BankNifty breaks the upper yellow line and moves towards marked green targets on the chart.
Possibility 2 - BankNifty may come down to retest the lower yellow rising line and then BankNifty breaks the upper yellow line and moves towards marked green targets on the chart.
Possibility 2 - BankNifty may come down to retest the lower yellow rising line and BankNifty breaks the lower yellow rising and give a breakdown.
I would try to update this BankNifty Positional Idea regularly.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Note
Sustaining near its ATH and seems to gear up for the next up-move.Note
1st Target Done.
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