MDstockmagic

Banknifty range is contracting in diamond pattern

NSE:BANKNIFTY   NIFTY BANK
today again banknifty made low near 35700 after getting resistance near 36200-300

it is trading in a diamond pattern and range is contracting... breaking of pattern will bring clear direction..

it is strong only above 36300 level

it will bring more weakness below 35700
Comment: patterb broken and made low near 1st target of 35476

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