BankNifty breakdown from a Rising Wedge pattern
Let me know your views.
BankNifty has broken from a rising wedge pattern. Breakdown from the solid line is very close to the apex and may not result in a major downtrend. However, if you consider the breakdown from the dashed line, its around the 2/3rd area from the base / start of the wedge. Breakdown near 2/3 of the wedge formation give a larger fall! Lets wait for the next few days to see how it pans out.
This information is for analysis only!
BankNifty has broken from a rising wedge pattern. Breakdown from the solid line is very close to the apex and may not result in a major downtrend. However, if you consider the breakdown from the dashed line, its around the 2/3rd area from the base / start of the wedge. Breakdown near 2/3 of the wedge formation give a larger fall! Lets wait for the next few days to see how it pans out.
This information is for analysis only!
Trade ativo
BN broke the rising wedge pattern today. Expecting a throwback to 22275-22300 tomorrow..
This idea is for information only!
Mitesh
Mitesh
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
This idea is for information only!
Mitesh
Mitesh
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.