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skandha1986

BANK NIFTY - LONG target of 38700+

Long
Nifty Bank Index (NSE:BANKNIFTY)  
skandha1986  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern
BANK NIFTY has broken the 8 month old trendline on the upside with gap, which is a strong sign of upside movement.
Broadly Banking stocks look very bullish and the same is visible on Bank Nifty charts.
Looks good for fresh long.
Note: In short term, this looks over bought so may trade sideways for some sessions or minor correction may be seen too.
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