I hope you all are learning from my charts .
This time , I have mentioned the reason of fall in Bank Nifty & Why did it rise from Lows of 24240 formed in October .
Answer is Patterns . Ask any query on comment box or DM me .
Some Basics of :
The pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback.
In the , the C point will be a defining level for the completion of the pattern. Although the BC projection is critical in this structure, the most significant number is the exact completion point of the .
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Disclosure : I am not A SEBI Registered Technical Analyst !
Mohit Jangir (KBMJ)
Happy Trading !!!