BANKNIFTY | WHAT'S NEXT AFTER NEW ALL TIME HIGH?

BankNifty has broken its previous All-time High of 37708 and closed above this level. BankNifty forming higher lows and following an ascending triangle pattern.

Possibility 1 - After consolidation at upper levels, BankNifty breaks the upper yellow line and moves towards marked green targets on the chart.

Possibility 2 - BankNifty may come down to retest the lower yellow rising line and then BankNifty breaks the upper yellow line and moves towards marked green targets on the chart.

Possibility 2 - BankNifty may come down to retest the lower yellow rising line and BankNifty breaks the lower yellow rising and give a breakdown.

I would try to update this BankNifty Positional Idea regularly.

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Happy Trading!
InvestPro India Team

Comment:

Sustaining near its ATH and seems to gear up for the next up-move.

Comment:

1st Target Done.