Bank Nifty Index can make new highs but after good Retracement

Long

Nifty Bank Index (NSE:BANKNIFTY)

NSE:BANKNIFTY Nifty Bank Index

trendanalysis indicator fibonacciretracement retracement newhighs rsi_divergence important_levels options long bullrun

BANKNIFTY

Bank Nifty has entered the bull market and is making higher highs and higher lows. 1 hour chart showed negative divergence and this stock could possibly retest its previous zone which is also Fibonacci 60% retracement which makes it an important zone. After the retest it could make new highs.

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