Nifty formed W in daily timeframe signaling a short term bullishness till 16220. If Global Ques support nifty then it can rise up to a TGT of 16800 in the coming weeks. For a new all-time high rally, it has to sustain above the long-term trendline, and only then we can have a TGT of 17550 to 17770 in the coming months. 17550 to 17770 is a tough resistance for...
W formation in daily timeframe can lead bank nifty to a short term bullish level of 35050. Around that level a long term Trendline is coming from ALL TIME HIGH of 41829. This trendline has been tested and even broken but bn can`t able to sustain above it for long. if it sustain above it for two weeks. Then only we can see a new rally towards new all time high.
