Last Push for Year "Bank Nifty" (Ascending Triangle)
Banknifty is all set for a breakout on the upper side.
1. Banknifty is in Ascending triangle in shorter time frame and which suggest that last push of Bank Nifty is on cards. Ascending triangle in every position and sense is bullish in nature.
2. As on today, According to wave analysis, target could be defined as largest leg of the triangle, and it could be achieved before the Vertex.
3. Candlesticks: Even according to the candlesticks, last day low is protected so maintain a long position.
Disclaimer: This is my personal view, please consult your financial advisor for the trade.
1. Banknifty is in Ascending triangle in shorter time frame and which suggest that last push of Bank Nifty is on cards. Ascending triangle in every position and sense is bullish in nature.
2. As on today, According to wave analysis, target could be defined as largest leg of the triangle, and it could be achieved before the Vertex.
3. Candlesticks: Even according to the candlesticks, last day low is protected so maintain a long position.
Disclaimer: This is my personal view, please consult your financial advisor for the trade.