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nilmadhabsahi

Bank Nifty biweekly chart on log scale shows major breakdown

Nifty Bank Index (NSE:BANKNIFTY)  
nilmadhabsahi  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Wedge bankniftytrend BANKNIFTY
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trendanalysis chartpattern wedgepattern bankniftytrend banknifty
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.
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