I drew simple trendlines on 10 yr chart, 2 year chart and 6 months chart..
appears to me that Bank Nifty is preparing for a breakout as it’s been running that small short term trend channel since past 4-5 months..
If I expand the chart to look at 2 year data.. it looks Bank Nifty has just started firing up and more fire is left in it… may be 50k would be the next target for Bank Nifty, if not immediately, may be by budget 2022..
Can any expert confirm if I am reading the trend correctly??
#foreducationalpurposeonly #notarecommendation
appears to me that Bank Nifty is preparing for a breakout as it’s been running that small short term trend channel since past 4-5 months..
If I expand the chart to look at 2 year data.. it looks Bank Nifty has just started firing up and more fire is left in it… may be 50k would be the next target for Bank Nifty, if not immediately, may be by budget 2022..
Can any expert confirm if I am reading the trend correctly??
#foreducationalpurposeonly #notarecommendation
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