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Suresh_Dholia

Banknifty in resistance zone high chances of breaking upwards

Long
Nifty Bank Index (NSE:BANKNIFTY)  
Suresh_Dholia Updated   
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Trend Analysis
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chartpattern trendanalysis
The BankNifty is in immediate resistance zone. But it is making higher highs and higher lows in an upward channel. Momentum is strong, so there's a very good chance of breaking upwards. If it breaks upwards in the next few days, then the possible target for this upward trend is 51229. If this attempt fails, it might go back to the lower end of the channel.
Comment:
Next support at 47000-46500 zone.
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