Get started
Trade_with_Bhanu

BankNifty Bullish Move Toward All Time High

Long
Nifty Bank Index (NSE:BANKNIFTY)  
Trade_with_Bhanu Updated   
NSE:BANKNIFTY   Nifty Bank Index
Wave Analysis Chart Patterns Trend Analysis BANKNIFTY bankniftyalltimehigh bankniftyanalysis bankniftytrend bankniftylong bankniftyview bankniftybullish bankniftytomorrow
2
0
waveanalysis chartpattern trendanalysis banknifty bankniftyalltimehigh bankniftyanalysis bankniftytrend bankniftylong bankniftyview bankniftybullish bankniftytomorrow
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.
Trade closed: target reached:
"What I mentioned is exactly what is happening now with a strong bullish movement."
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.