BANKNIFTY WEEKLY MARKET FORECAST
Updated
The price perfectly fulfills my last idea. The price perfectly fulfills my last idea. Sharp upward momentum seen in last week and price closes 2.50% up comparing to last week closing & #Banknifty made high of 42196 and hit the mentioned targets of 41666 & 41888. As mentioned #Banknifty given move upside as expected and now the level of #43000 is next hurdle for the Banknifty which act as resistance level for the price. we already moved +2900 points from the support level so profit booking can also seen in the price & if price holds it self at upper levels than next targets are 42444/42888 for the upside momentum the upside momentum. Positional traders can trail there SL @41888 level with the view for the upside momentum. The level of 41666 & 41888 now acts as important support for the price. Price can also Retest the mentioned support levels.
https://www.tradingview.com/chart/BANKNIFTY/tLC90WMb-BANKNIFTY-WEEKLY-MARKET-FORECAST/
https://www.tradingview.com/chart/BANKNIFTY/tLC90WMb-BANKNIFTY-WEEKLY-MARKET-FORECAST/
Note
As mentioned earlier that #Banknifty may come down to retest the support zone of 41888 and than price moved upside and made high of 42498 and hit the 1st target of #42444🎯.
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