umangmarothia

Bank Nifty moving to All Time High

Long
NSE:BANKNIFTY   Nifty Bank Index
After Bear rally from last 3 weeks, Bank nifty trend is now reversed and now it has continued its uptrend.

My analysis for upcoming week for Banknifty.
It will be sideways to down trending for day of 30 Dec 2023 as today was the breakout of important psychological level of 43000.
In order to become bullish again Banknifty needs to retest this level again so more buyers can be added to add up the fuel in bank nifty to launch the rocket of bank nifty to all time high
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