BankNifty is repecting the triangle and breakout on both sides possible before 10-15 February. The levels have been drawn based on Fibonacci retracement and extension. Positional calls can be taken after breaking the triangle pattern on daily closing basis. BankNifty has shown bullish price action since last 3-4 sessions and the last trading session's loss can be ascertained to big players making their positions before the budget rally. Levels are supreme and should be followed but personally inclined towards bullish rally. If Nifty shows positive trend BNF can give a good rally.
P.S. This is just for educational purposes and the view is my personal understanding. I am not a SEBI registered analyst and I will not be responsible for anyone's profit or loss.
P.S. This is just for educational purposes and the view is my personal understanding. I am not a SEBI registered analyst and I will not be responsible for anyone's profit or loss.
