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Trademint08
Apr 6, 2021 4:23 PM

BANKNIFTY ON 15 MINS CHART Short

Nifty Bank IndexNSE

Description

We shared about our positive view but we also wanted to share about other pattern that can be possibly formed in upcoming days. It’s BEARISH PENNANT OR DESCENDING TRIANGLE PATTERN. The reason we believe this would work because the nest immediate support that we have is to the equal distance of the area between high n low of triangle. ITS JUST A VIEW. TRADE SAFE.
Comments
Muthu1501
good view and same descending rectangle pattern coming possibe so
wait for tomorrow
JagdishKumarPahuja
Pl educate the levels shown on the chart . Upper side the scale is of 250 gap but levels shown on lower side the gap is not uniform shown in colour.
Any logic .
Trademint08
@JagdishKumarPahuja we posted 2 analysis. Market won’t behave exactly how we predict nor do anyone can. We saw two possibilities that why we posted the other . Please do have a look at that too. We posted about W pattern
Trademint08
@JagdishKumarPahuja but surely from next time we will try to post more detailed analysis
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