InvestPro_India

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

Long
NSE:BANKNIFTY   NIFTY BANK
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.

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Views are purely educational in nature. You are solely responsible for any decisions you take on basis of my research.