LONG TERM ANALYSIS ON BANK NIFTY INDEX

ON MONTHLY CHART BNF IS FORMINH HH HL
ON 2 OCCASIONS IT BROKE UPTREND
1ST - DURING 2008 CRASH
2ND - DURING 2020 COVID CRASH

MARKET WENT INTO SIDEWAYS CONSOLIDATION
FOR 4 YEARS BETWEEN 2011 TO 2014

CURRENT HIGH 37700 NEEDS TO BE TAKEN TO CONFIRM
HH HL ON BNF THEN 30400 WILL BE NEW SWING LOW