BankNifty was in a downtrend from mid February to April, making lower lows and lower highs ( LLLH ). Now after facing 3 times resistance of 34250 against flat Trendline T3, finally it has given a break out and making itself ready for a bull run.
Global cues were performing excellent but Indian market was under pressure due to local news and events. Now, Indian market is ready to fill up the gap and may give us a fantastic upside rally.
Buying/Long positions can be initiated in BankNifty and Banking stocks as per their price action chart & other factors.
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Global cues were performing excellent but Indian market was under pressure due to local news and events. Now, Indian market is ready to fill up the gap and may give us a fantastic upside rally.
Buying/Long positions can be initiated in BankNifty and Banking stocks as per their price action chart & other factors.
Like & Follow for new updates.