Can Banknifty reach its all time high level this month? NSE:BANKNIFTY
According Fibonacci retracement n Elliotte Wave theory i think if banknifty if hold its position above 35364 which is fib golden ratio level 0.618 then we ll able to see next target which is 36110 which is next fib level 0.786 and might this month july expiry we ll see banknifty at previous all time high again. if you observed its reversed just from fib retracement golden ratio level of 0.5 which is signal for me as bullish reversal.
in any coming day if it close below 34348 level then it may fall upto around 33900-33500 .
This analysis is my personal view n its for educational purpose only. So don't just trade based on this ,consult your financial advisor before taking any trade n trade on your own risk.
