Banknifty - Wait for the break of diamond

Nifty Bank IndexNSE

Description

⋅ Sep 17, 2020 7:32 AM

Banknifty is consolidating in a diamond pattern. This pattern may lead to either reversal or continuation. Breakout/breakdown levels are mentioned in the chart.

Chart Patterns BANKNIFTY

Comments

Kakerot

⋅ Sep 18, 2020 3:11 AM

historically diamond pattern usually 7:3 chances it will reverse after a breakout towards 24000 again and more

rohitkaran

⋅ Sep 18, 2020 3:46 AM

@Kakerot, yes thats my gut feeling too that it moves up. but would wait for the break.

rajannewton

⋅ Sep 17, 2020 11:25 AM

Awesome Idea!. I love banknifty. I do Intraday-Algo trading in Banknifty. Please check my charts as well.

katstech

⋅ Sep 17, 2020 8:44 AM

What’s nxt level?