Bank Nifty on the monthly chart is trading near the upwards trending resistance line, Forming some sort of rising wedge pattern as well on shorter tf.
Although as of now there is no sign of bearishness, but if the trend reversal happens we might see the targets of 32375 in Bank Nifty which is 0.5 Fib retracement level, as well as an important support level, also at this level BN would be down by 30% from top.
Although as of now there is no sign of bearishness, but if the trend reversal happens we might see the targets of 32375 in Bank Nifty which is 0.5 Fib retracement level, as well as an important support level, also at this level BN would be down by 30% from top.