BankNifty Bullish Move Toward All Time High

Mar 5

If you observe the chart above, it clearly indicates that it's forming higher highs and higher lows. A few days ago, on January 17th, 2024, there was a significant gap down below the resistance level of 47520. Many times it attempted to break this resistance level, but today it finally broke through with a strong bullish candle. Therefore, we can confidently say that it's likely to reach all-time highs.

Note: I will maintain charts in a simple way. Only those with basic knowledge of technical analysis will be able to understand what I am posting.

Mar 6

Trade closed: target reached

"What I mentioned is exactly what is happening now with a strong bullish movement."