[Short Term] Symmetrical Triangle Formation For Target 31400+
Charts showing symmetrical Triangle pattern formation in banknifty after the bullish move. More chances it will breakout the 29400 levels and continue its bullish rally towards the 31400+. After COVID-19 fall nifty recovered its all gain and trading all-time high but still nearly 3000+ points pending rally in banknifty from its high before the pandemic.
If banknifty trading above 29400 levels then it will touch the 30000 levels within 1-2 trading session. The further downside 1000 points risk is only if it trading below 28900.
Disclaimer: Consider this view as an educational purpose. Before taking any position take advise from your financial adviser.
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