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angelrishi

Bullish on BankNifty

Long
Nifty Bank Index (NSE:BANKNIFTY)  
angelrishi Updated   
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Trend Analysis Beyond Technical Analysis
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3
chartpattern trendanalysis beyondta
Seems like History will repeat as same patterns are appearing again, as mentioned in the chart. I expect 400 to 600 movement till the upward gap fill area, then bounce back/go ahead.
Comment:
a) Inverted H&S
b) History repeating
c) trendline respecting (Banknifty Mar has 3 opints touching exactly, 4th has to come down till 24700 and bounce)
d) MACD giving Buy Signal
Comment:
SL Trigerred
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