the markup target has been derived from this point and figure chart..
This is a classic case of stepping stone reaccumualtion
there is one prior reaccumualtion which needs a special study as a case
will be updating below
Disclaimer.. Not invested, Not an investing / trading recommendation
the markup will require time to build up, the Bank nifty index over all showing a lot weaknness at resistance...
So this might be an excellent posiiton to accumulated and add, taking advantage of the short term market weakness ..
the markup target was derived from this Point and Figure chart...