Banknifty has sustained above 50 sma and also has closed convincingly above the fibo channel of 78.6% on daily timeframe. Along with that long term trend and momentum indicators also have confirmed the bullishness. Once we see 50sma crossing above 200sma then the run will be extended and we will see an ATH after crossover happens on daily timeframe. The first target is 57600 and after that ATH
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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.