This is looking good, seems it had completed its consolidation phase and now getting ready to enter into mark up phase. The shaded area is sl area as per appetite.
After a short up thrust, expect BankNifty to tank.... for a good 5-6000 points
On weekly timeframe a Head and shoulder formation is taking its shape, formation completes above 2990, one its closes and holds above 3000, long position can be initiated for at least target of 4800 in next one year.