Banknifty: Ascending Channel Pattern

Name: Banknifty: Ascending Channel Pattern
Uploaded: 2021-11-21T11:18:38.351302
Channel: aaroncastelino25
Description: Ascending channel Pattern: Prices moves in a range taking support and resistance of a channel, by and large in a uptrend manner. I have explained this technicality in the above video, so please comment your views and let me know. Happy Trading Everyone.

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Nifty Bank Index (NSE:BANKNIFTY)

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NSE:BANKNIFTY Nifty Bank Index

Trend Analysis Chart Patterns Beyond Technical Analysis

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Ascending channel Pattern: Prices moves in a range taking support and resistance of a channel, by and large in a uptrend manner. I have explained this technicality in the above video, so please comment your views and let me know. Happy Trading Everyone.

Comment:

BANKNIFTY opened gap down today just below the lower support channel, hence giving a breakdown. Bank Nifty is now in a down trend and the lower channel which was the support will be the immediate resistance.

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