Bank Nifty ATH: Soon to be witnessed

Nifty made an All Time High ( ATH ) of 11810 on April 16, 2018, however Bank Nifty is catching up, it first has to touch its previous high of 30646 levels and then surpass that level to make a ATH .

According to me the ATH in Bank Nifty would soon be conquered at 31070-31100 levels. Its a matter of when and not how.

Well the set up seems to be quite robust, given the uptrend in various individual Banks, I have posted the charts for each individual Bank as well.

Well HDFC Bank is also in a clear uptrend, though a clear pattern couldn't be spotted (on hourly basis), hence I did not put that chart here.

P.S. These are my views, doesn't mean anyone should take random trades basis this. Please do your own analysis or consult a reliable adviser.