Bank Nifty Symmetrical triangle

Jan 31, 2023

#niftybank has created a Bearish Symmetric Triangle in the Daily Chart. On retracement to the broken trendline and the trap zones like the Reversal pattern, I expect it to come down from these levels.

Tomorrow there is a big event, the Union Budget is going to be published. This can bring in a lot of volatility. So, Play safe.

Disclaimer: Do trade at your own risk. This analysis is for educational purposes only. I am not responsible for any loss or profit you earn.

Feb 2, 2023

Note

80% of the target got achieved yesterday only during the budget, nice to see the price turned exactly from the area I marked.

Mar 16, 2023

Trade closed: target reached

And as expected the Target of 3200 points in #banknifty has been achieved.
The price has followed my analysis with great precision.