imkhushal

BANKNIFTY Symmetrical Triangle

NSE:BANKNIFTY   NIFTY BANK
A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend , while a breakout from the upper trend line indicates the start of a new bullish trend .

Buy above upper trend line and sell below lower trend line ...!

Pls . wait for a candle to close above or below.


Always understand the risk before investing into the underlying security.

Hit like if you really liked it....!
Regards
Comment: Guys market again has come inside the triangle....
Comment: now if it is fail to remain inside it will blast down.....as this may have come for retest....!
Comment:
Comment: The Gap is still pending for filling.
May be the Gap will be filled and then we can hope for reversal.
We will see how it react at GAP. Today taken support at Gap.

Comments

Excellent Khushal Bhai , Me Dharam ,Keep it up, You are EW Gem too.
+1 Reply
@Kirandeepc thank you for your appreciations.
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simple but power ful chart....easily communicated....nyz bro
+1 Reply
imkhushal ANKITHSHAJU
@ANKITHSHAJU, Thank you
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ANKITHSHAJU imkhushal
@imkhushal, no need to thank
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An inside bar has been formed in last hour, mark low and high of mother bar (2nd last bar) and see where it move that will be direction.

34500-34250 downside and upside is 36108 for now.

Pls trade on your own risk

thank you
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@imkhushal pls update
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imkhushal Poison_1907
@Poison_1907, did u enjoy
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Poison_1907 imkhushal
@imkhushal, yes I have been holding shorts for some days, though the premiums were not increasing much of the time yest and today, only in last 1 hr. it moved. But yes thanks for increasing the confidence with your analysis
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Hey, can you tell me the forecast for tomorrow specifically for 36600 and 37000 CE
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