BANKNIFTY broke out from the channel of a Flag pattern around 12600--12610.. and above that 'Rising Wedge Pattern' resistance comes around 12760...and Weekly Agni Level comes around 12815.
On downside it has made good support around 12500-12550
Be cautious on higher levels as it is trading in a 'Rising Wedge Pattern' which is termed as reversal pattern in uptrend....
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