BANKNIFTY has been in consolidation since last 2 weeks with substantial uptrend move as shown in chart that it is respecting the trendline and the rejections faced from above, this shows BANKNIFTY is very good ASCENDING TRIANGLE pattern which shows a potential upmove which is expected In coming session
Things to note that if BANKNIFTY doesn’t breaches 37650 below it can actually make a new ATH till 38500
on the other hand if breaches the support below then we can see a substantial fall of 400-600 points so the levels mentioned in the charts stands great importance and break on either side can give huge moves
Things to note that if BANKNIFTY doesn’t breaches 37650 below it can actually make a new ATH till 38500
on the other hand if breaches the support below then we can see a substantial fall of 400-600 points so the levels mentioned in the charts stands great importance and break on either side can give huge moves