Bank Nifty wing Target @ 39600 - 40000

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Nifty Bank Index (NSE:BANKNIFTY)

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NSE:BANKNIFTY Nifty Bank Index

trendanalysis chartpattern indicator banknifty flag swingtrading bankniftyanalysis

Flag pattern formation in progress on daily time frame. Has taken support at the gap level and is now showing strength. Resistance zone at 36549 - 37232 and resistance point at the ATH level. Will face some resistance at these levels, but I feel, it will eventually reach its swing target of 39615 - 40000.
Happy Trading
Amit Shreeram Goel
TradingOwl

Trade aktif:

The shown Supply Zone has been taken out and has now become the flip zone and can now be considered as the flip-support zone. Continue to hold for higher and eventual target f 39600-40000

Trading ditutup: target tercapai

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