Hi friends,
In my last post on banknifty ,I had mentioned about resistance which should get overpowered eventually.
We can see from the chart the price is trading above the trendline resistance,Its been trading above it for a week now,A correction is expected only below 19900 in which case it can damage chart,So any fall below 19900 not good for banking stocks,Above it it would be taken as consolidation after a steep rise.
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