BANK NIFTY - LONG target of 38700+

BANK NIFTY has broken the 8 month old trendline on the upside with gap, which is a strong sign of upside movement.
Broadly Banking stocks look very bullish and the same is visible on Bank Nifty charts.
Looks good for fresh long.
Note: In short term, this looks over bought so may trade sideways for some sessions or minor correction may be seen too.