Nifty Bank Indexלונג
Building momentum in “Nifty Bank”
It has been 10 trading sessions where we can see a momentum building up in Bank Nifty.
Bank Nifty is facing a common resistance at 33747 level. However, the bulls are getting impatient thus forming higher lows and eventually forming the most effective charting pattern- Triangle pattern
We may witness any one of the following
1. A slight retracemen before it can blast off to 34289-34624 levels
2. The bears may just have lost their control and we may see a breakout on Monday’s session itself
In either scenario, one thing is common that a breakout is on the way.
The analysis is just for educational purpose. Hence, traders/investors are advised to do their own research before entering into any position (Long/Short)
Bank Nifty is facing a common resistance at 33747 level. However, the bulls are getting impatient thus forming higher lows and eventually forming the most effective charting pattern- Triangle pattern
We may witness any one of the following
1. A slight retracemen before it can blast off to 34289-34624 levels
2. The bears may just have lost their control and we may see a breakout on Monday’s session itself
In either scenario, one thing is common that a breakout is on the way.
The analysis is just for educational purpose. Hence, traders/investors are advised to do their own research before entering into any position (Long/Short)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.