Next Most Probable Move of BankNifty

Last Friday we saw a smart recovery of BN from it's Trendline support perhaps making it's minor 5th wave moveup.Most probably we could see a gap-up opening above it's lifetime high of 44152 by breaking it's major resistance(trendline & LT high) and if it happens then could see it upto its upper channel or 44475 around.

In case BN fails to break its LT high or trendline, we may see another downmove(less possibility) Let's see what will happen tomorrow. Please feel free to leave comments.


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.