A Clear breakout to go long for a target of 40100.
BankNifty is giving a decent breakout from an important resistance level of 38845 that is also a 61.8% retracement levels. Which is a very good sign to go long for a target of 40100. Can keep a stoploss below 37500.
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.