Nifty Bank IndexUpdated BankNIFTY - Fresh Breakout or Breakdown
BankNIFTY near trendline resistance. Closing above today's high for couple of days can show 41500/42000 in BANKNIFTY. But if BN fails to sustain above the trendline on weekly closing basis, we can possibly see a decent correction. HDFCBANK has been sleeping for long now, next push towards ATH could be from HDFCBANK, need to close above 1515/1521 on weekly closing basis
Trade active
HDFCBANK has finally started moving up, if closed above resistance, BN can hit ATH+ very soon.Trade closed: target reached
BN HIT ATH and made double top.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.