As Today banknifty drifted towards 38.2% retracement level (Plotted 50% and 61.8%) of the last momentum move around 3800 points. So it formed the flag pattern and as well as it has travelled in a channel also , So from here onwards, it will give a up side of minimum 100-120 pts close to the chahnnel upper level of resistance. I'm looking bullish once the channel has been breakout for the upside target 30200 zone. Note: only the upside breakout of the flag pattern.
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