(Banknifty Weekly Chart)
After breaking the falling wedge on upside, Banknifty came back into the 'Rising Channel' and than it was on fire.
Now one can see in above weekly chart one big triangle formation (shown with black lines) of which resistance comes around 12960 and breaking of which will open doors for 13300 levels
Our Weekly JBNSAR / Agni level also suggest that above 12490 Banknifty will be strong and will try to move towards 13300 level. Whereas below 12450 it will be weak and fall upto 12150---11800
Our Weekly JBNSAR generated long signal @ 11371. On right side of our blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
Our Weekly JBNSAR generated long signal @ 11371. On right side of our blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
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