Bank Nifty Weekly Technical Analysis

Last Week we gave Bank Nifty Trend Deciding level as 12363 and it did 1 target on downside and achieved all upside targets.
As discussed in Nifty Weekly Analysis, Nifty gave a breakout but Bank Nifty will give only above 12800, So lets discuss how to trade Bank Nifty in coming week.

Bank Nifty Hourly

Bank Nifty has been facing resistance at  12783 odd levels and formed multiple resistance in that line also forming an triangle formation which will breakout above 12800, failing to do so pullback till 12300 can be seen...

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