Banknifty Analysis - What's next

Banknifty has been stuck in range from last few weeks, Tomorrow's weekly close is very important in Bank nifty and Weekly close below 41550/500 range will invite targets of similar range on downside which also is aligning with median line of pitchfork.
We also have budget session coming up, so expecting a lot of volatility ahead and budget session may trigger something which all of us are unaware of at this moment.

But after a extreme bullish run, BN is certainly looking exhausted and positional longs needs to be very careful now

Trade chiuso: obiettivo raggiunto:

Banknifty achieved it's target and did a good pullback/reversal from the levels