As we can see BANKNIFTY had been in consolidation and trying to break it's neckline multiple times but couldn't sustain above the given level finally closing at flat levels but we know that greater the levels are tested the more it becomes weaker hence we can expect BANKNIFTY to break the neckline around 41700 with proper closing for good 400-600 points upmove so keep watching everyone
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.