Wealthcam

SOMETHING BIG UPCOMING THIS MONTH???

NSE:BANKNIFTY   Nifty Bank Index
CHART is self explainable, more like ASCENDING TRAINGLE PATTERN is identified and that too much conslidation has been seen in bigger time frame, this pattern would pretty much define the next upoming direction of the market, currently NEGATIVE in the short term as it can make a low of 35400-300 before continuing its bull run

major resistance is 36000 above, and breach of this very level with sustainment would confirm the furher upmove

currently you can prepare for minor correction till 35400-35300 levels for a short run to complete its higher low wave

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.