Banknifty Weekly Update: slowly and steadily breaking hurdles.!!!

(BANKNIFTY WEEKLY CHART)

Banknifty has broken out a triangle pattern and trading in a broad range of 12500-13000.  It is slowly and steadily breaking all the hurdles and moving higher. Still there is no weakness in trend.

It is having hurdle near 13000 above which it can move to 13400 level Whereas on downside it is having support near 12550 and breaking of which it will slip to 12350-12250.

(Banknifty Inverse H & S pattern)

Banknifty has already given breakout from inverse H& S pattern which gives target above 15000 in short term to medium term.

NOTE:

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