nilmadhabsahi

Bank Nifty biweekly chart on log scale shows major breakdown

NSE:BANKNIFTY   NIFTY BANK
Nice breakdown on more than a decade-long rising wedge on Bank Nifty .
Scale - Log; TF - biweekly.
Indicates significant downside.
Additional confirmation - HV is no-where near levels that may indicate that a bottom has been formed. Expect this fall to accompany high HVs & IVs.