Trend analysis for Bank Nifty
It is a chart of Bank Nifty on the 15min timeframe. As you can clearly see that Bank Nifty is making an ascending triangle chart pattern which is a bullish pattern as well as Bank Nifty weekly chart is showing a clear bullish harami. So if you buy weekly options than the trend is definitely positive. But Bank Nifty is quite bearish on the basis of intraday.
PS- Nifty is weak and Bank Nifty can carry it according to the data provided.
*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line, option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
PS- Nifty is weak and Bank Nifty can carry it according to the data provided.
*Disclaimer*- This is just an analysis of the data on the basis of technical factors such as chart patterns, candlestick patterns, trend line, option chain data, etc,. Stock Market or Trading in any type of market is subject to high financial risk. You should see this idea as just an analysis. You are not obliged to follow my instructions. You will be responsible for all types gains or loses in the market.
Disclaimer
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