BANKNIFTY closing 40307.1 is bullish with stoploss 39740 then targets are 41712.
Reason.
1 --> Create a Outside Pattern on Daily Timeframe. 2 --> RSI is also show the Reversal. 3 --> -DMI is Going downside and +DMI is rise in ADX. 4 --> Closing Above 200 EMA.
Comment
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Outside bar pattern active and now make a bullish move