DSKF16

BANKNIFTY: "AB=CD" in Progress, FACT & View from Various Aspect

NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY: in ASCENDING Triangle .
Also Harmonic "AB = CD" in Progress
Possible "D" = 26271.80
EXTENDED "D1" = 26506.50 (FIB E 1.13)
EXTENDED "D2" = 26763 (FIB E 1.272)

You can notice Inverted H&S pattern is also there.
Middle line of Parallel channel , can treat as "NECK Line of Inv . H&S"
(though not pointed due to avoid more clumsiness of chart)


Rest plotted & mentioned on Chart.

Disclaimer: Take this information as study/education purpose only.
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May 09
Comment: Nearing Possible "D" = 26271.80 Level.

"DOJI" formation in 4h time frame chart.
Some profit Booking at 26540, 26291 - 26328 (Spot Level), 26273 -26310 (Future Level)
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