Nifty Bank: Rounding Top

Feb 21, 2023

Normally Rounding Top in the down trend markets are ignored. As ours is the growing Market there is the high chance that it will reach the neckline and the reversal could happen. Though while forming this pattern there is a slump in the volume (Decreasing Volume). I have given a short trade after the break of support and also provided the target price for the trade, but I believe that we can see failure of this pattern and hence also provided the long call after the break of resistance.