Nifty Bank IndexLong
Bank Nifty : Will Hit 30000?
Updated
Bank Nifty
Chart Pattern: Descending Channel
On the hourly time frame, Bank Nifty has been trading in the Descending Triangle Pattern.
Descending Triangle Pattern, Generally, this pattern is a bearish pattern. However, a descending triangle pattern can also be bullish.
Level Based on Descending Triangle: If the Price sustained above 32000 then we could see a good move in the coming days
If the price has exceeded the level of Support, we may witness further declines in the coming days.
Chart Pattern: Descending Channel
On the hourly time frame, Bank Nifty has been trading in the Descending Triangle Pattern.
Descending Triangle Pattern, Generally, this pattern is a bearish pattern. However, a descending triangle pattern can also be bullish.
Level Based on Descending Triangle: If the Price sustained above 32000 then we could see a good move in the coming days
If the price has exceeded the level of Support, we may witness further declines in the coming days.
Note
Chart Pattern : Descending TriangleNote
1300 Point Up from Support LevelNote
3000+ Points from the support levelTrade active
Note
Almost 4000 Points from the Support ZoneTrade closed: target reached
Almost 5000 Points
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