BANKNIFTY Breakout Play possibilities
At the start of the week in our Plan we did lay out 35500-650 areas as the weekly trend decider.
On 9th we have broken out of that zone and have made spike lows into the zone laying the foundation for a move above. This coupled with the fact that we are holding above the value zones of last week and also are testing a trend line break makes it a strong case.
Key areas on the upside for a break above 36000 areas are 36400/ 36650.
Break above 36650 we have a potential to test 37K and higher.
< Refer to the weekly Plan Video for the weekly Analysis >
On 9th we have broken out of that zone and have made spike lows into the zone laying the foundation for a move above. This coupled with the fact that we are holding above the value zones of last week and also are testing a trend line break makes it a strong case.
Key areas on the upside for a break above 36000 areas are 36400/ 36650.
Break above 36650 we have a potential to test 37K and higher.
< Refer to the weekly Plan Video for the weekly Analysis >
