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NARESHRAJUPRO

LONG TERM ANALYSIS ON BANK NIFTY INDEX

Nifty Bank Index (NSE:BANKNIFTY)  
NARESHRAJUPRO  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis
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trendanalysis
ON MONTHLY CHART BNF IS FORMINH HH HL
ON 2 OCCASIONS IT BROKE UPTREND
1ST - DURING 2008 CRASH
2ND - DURING 2020 COVID CRASH

MARKET WENT INTO SIDEWAYS CONSOLIDATION
FOR 4 YEARS BETWEEN 2011 TO 2014

CURRENT HIGH 37700 NEEDS TO BE TAKEN TO CONFIRM
HH HL ON BNF THEN 30400 WILL BE NEW SWING LOW
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