bbrijesh
Long

Banknifty - Diamond Pattern

NSE:BANKNIFTY   NIFTY BANK
*Diamond pattern
Comment: 1000 pts up (+5%)…..Book profits

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what is the implication?
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RamaSriram Parasuram
@Parasuram, A diamond chart pattern is an extraordinary pattern which is occasional is nature. It looks identical to head and shoulders patternwith a V-shaped neckline. Diamond chart reversals occur mostly at major tops and with high volume. It occurs rarely at market bottoms.
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Parasuram RamaSriram
@RamaSriram, thank you... what is the projection then
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Targt
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