BankNIFTY prediction for tomorrow

NSE:BANKNIFTY   Nifty Bank Index
as we have already discussed Banknifty has given breakout. and yesterday it retested the 44300 level and again bulls pumped the bulls side. Now I am expecting it to move bullish whole this week. Target 1 will be 45561, then some consolidation and it will move to all time high 46250.
  • Price has already broken out 2 month breakout with Inverted HNS. (Bullish)
  • RSI showing bullish diversion. (Bullish)
  • Bullish Golden crossover successful. (Bullish)
  • Inverted HNS breakout and successful retesting of neck-line. (Bullish)
  • According to OI, PCR: 0.97 (Bullish) with max pain = 44800 or 45000.
  • above side only 45000 is having significiant resistance, if it's taken out bulls path will be clear for target 1 (45561)


Plan of action:
Keep holding the previous position. you can add move call buy once bull intraday trend confirms.


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