BANKNIFTY - Approaching Lifetime High, Potential Rally Ahead
BANKNIFTY is currently trading higher and higher, having crossed multiple price hurdles and achieving its highest closing in the past week. The price is now very near to its lifetime high.
If the price closes above the level of 43855 on the daily chart, we may see a rally towards positional targets of 44222, 44444, and 44888. This could be an awesome opportunity to profit from the market.
The levels of 43222 and 42500 are key support levels for the price. If the price drops down towards the downside, these levels may play an important role in pushing the price towards the upside.
If the price closes above the level of 43855 on the daily chart, we may see a rally towards positional targets of 44222, 44444, and 44888. This could be an awesome opportunity to profit from the market.
The levels of 43222 and 42500 are key support levels for the price. If the price drops down towards the downside, these levels may play an important role in pushing the price towards the upside.