This is the chart of BANKNIFTY nearing a resistance zone. If BANKNIFTY goes above resistance of 21950, a major move to the next resistance can be kept as target at 23150.
Another important point to be noted is a lot of bank stocks are NR7 candidate indicating a power move in the next trading day.
Keep Bank Stocks in your Watchlist for Monday 10 Aug 2020.
So as always,
Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation, it is only for educational purpose.
Trade at your own risk.