Charts showing symmetrical Triangle pattern
formation in banknifty
after the bullish
move. More chances it will breakout the 29400 levels and continue its bullish
rally towards the 31400+. After COVID-19 fall nifty recovered
its all gain and trading all-time
high but still nearly 3000+ points pending rally in banknifty
from its high before the pandemic.
trading above 29400 levels then it will touch the 30000 levels within 1-2 trading session. The further downside 1000 points risk is only if it trading below 28900.
Consider this view as an educational purpose. Before taking any position take advise from your financial adviser.