Bank Nifty - Expanded Ending Diagonal (Trade Only Above 45800)

Jul 25, 2023

A "Falling Expanded Ending Diagonal" is the most probable pattern which has unfolded so far suggesting there could be exhaustion in selling at current price levels.

Where I could go wrong
If Index fails to hold 45750-45800 zone then this pattern is no more valid & I will avoid buying.

Holding above the 45750-45800 zone, Index can attempt to touch
46155
46263
46369

Thanks

Jul 25, 2023

Trade closed manually

After small bounce to 45942 highs - Index failed to hold the zone 45750-45800. As suggested, To avoid buying if falls below 45800

Jul 25, 2023

Note

Updated Somewhere

Expanding Ending Diagonal is Still Valid for Risk Takers if Holds above 45650 - Risk Takers Only