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[Short Term] Symmetrical Triangle Formation For Target 31400+

Long
Nifty Bank Index (NSE:BANKNIFTY)  
TradZoo Updated   
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Triangle Technical Indicators BANKNIFTY bankniftyanalysis priceaction futurestrading Technical Analysis
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supportandresistance triangle indicator banknifty bankniftyanalysis priceaction futurestrading technicalanalysis
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.

If banknifty 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.



Disclaimer: Consider this view as an educational purpose. Before taking any position take advise from your financial adviser.
Comment:
30000+ 1st target done in today's session
Comment:
30500+ 2nd target done in today's session

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