BANKNIFTY MONDAY 8 AUGUST ANALYSIS
Price is still trading in the same range for 7 days now , price is trying to move upside but getting rejections from same resistance for the third time . Monday ,if price breaks triangle channel and moves downwards immediate target would be 37600 and next will be 37250.
If price gapsup above triangle channel and tests 38150 level for the fourth time then there are possibilities of price breaking the trend line (if price hits trend line multiple times ,it will become weak) our next target would be 38400.
If price gapsup above triangle channel and tests 38150 level for the fourth time then there are possibilities of price breaking the trend line (if price hits trend line multiple times ,it will become weak) our next target would be 38400.
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