BankNifty gave a flag breakout on Weekly Chart

Same as Nifty, BankNifty also broke the TL in 3rd week of April, since then prices consolidated in range of 847 points for 5 weeks and this week gave a nice flag breakout.

BankNifty should achieve 19809 in coming 4 to 5 weeks as per Flag Pattern calculation. Pattern negation point is 16950.

Nifty gave a nice flag breakout on Weekly Chart

Nifty broke the TL in 3^rd week of April, since then prices consolidated in range of 314 points for 5 weeks and this week gave a nice flag breakout.

Nifty should achieve 8844 in coming 4 to 5 weeks as per Flag Pattern calculation. Pattern negation point is 7938.

Though price closed above 89MA (8111), may find resistance and retrace before start surging ahead.