BANKNIFTY
BankNifty Breaks Crucial Level, Uptrend Possible?
BankNifty opened with a big gap-up today but failed to sustain the 43,600 level initially. However, bulls managed to break the crucial level at the end of the session after many unsuccessful attempts. This is a bullish sign and could mark the beginning of a new uptrend in the market.
I have plotted fresh support and resistance levels on the chart. Please note that it is important to wait for clear confirmation of the trend before taking any positions.
All the best!
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Trade active:
Looks like a cup and handle forming!
Comment:
Bummer!