BankNIFTY near trendline resistance. Closing above today's high for couple of days can show 41500/42000 in BANKNIFTY. But if BN fails to sustain above the trendline on weekly closing basis, we can possibly see a decent correction. HDFCBANK has been sleeping for long now, next push towards ATH could be from HDFCBANK, need to close above 1515/1521 on weekly closing basis
Trade active:
HDFCBANK has finally started moving up, if closed above resistance, BN can hit ATH+ very soon.
Trade closed: target reached:
BN HIT ATH and made double top.