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ashwinjain1

BANKNIFTY: Breakout of an upward-sloping right-angled triangle

Long
Nifty Bank Index (NSE:BANKNIFTY)  
ashwinjain1 Updated   
NSE:BANKNIFTY   Nifty Bank Index
Triangle right-angled BANKNIFTY bankniftylong breakout
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triangle right-angled banknifty bankniftylong breakout
NSE:BankNifty seems to be poised to break out of an upward-sloping right-angled triangle today (April 30th, 2020). An attempt was made on April 29th but was rejected in the second half of the session. Need to confirm if the breakout today sustains on a closing basis. If so, this could be a good opportunity to go long.
Comment:
Breakout failed.
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