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