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the_consolidation_guy

BANKNIFTY Possible Traingle Consolidation

Nifty Bank Index (NSE:BANKNIFTY)  
the_consolidation_guy  
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns BANKNIFTY
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chartpattern banknifty
The BANKNIFTYs attempt on 21'st Oct to break 24815 was rejected and it seems to have fallen into a Triangle consolidation since.

A possible breakout or down could be confirmed at following levels
Breakout - 24600 (Aggressive), 24693(Conservative)
Breakdown - 24375(Aggressive), 24290(Conservative)


Just a beginner trying to get the hang of the whole pattern analysis.
Looking forward to corrections and insights.

Cheers ;)
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