The weekly ratio of Bank Nifty to Nifty
The weekly ratio of Bank Nifty to Nifty, with a long-term symmetrical triangle pattern forming. The convergence of the trendlines suggests that the ratio is approaching a breakout point.
Upside breakout: This could indicate stronger relative performance by Bank Nifty over Nifty.
Downside breakout: May signal underperformance by Bank Nifty compared to Nifty.
Upside breakout: This could indicate stronger relative performance by Bank Nifty over Nifty.
Downside breakout: May signal underperformance by Bank Nifty compared to Nifty.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.