Educational
My performance and Followers...on BANKNIFTYFirst of all, you must have FIVE minutes to understand.
Try to observe both patterns as mentioned following:
Flag Pattern (i) which is in the channel.
Flag Pattern (ii) with breakdown channel support.
There're total (5) channels in the chart but the 5th channel is different from all others. look at all Four-Channel having up-trend but 5th has a flat channel.
Now let me switch your brain o n Jul 14, 2019. Almost of all advisors and TV channel bullish bulish target but I clearly told you that. This is my statement was "Negative move is left..."
I have added chart with all 5 smaller channel in this full post FIRST TIME after visualyzed.
After the 4 days and Jul 18th 2019. (3) wave and resistance plotted clearly drawed for you and next day Banknifty started to move downward .
On the Jul 19, 2019. I have published Support of the channel and breakdown arrow . Everyting is clear here.
I hope you have enjoyed and Happy to follow me.
PCJ about to go up.after a strong rally downwards post budget, the prices are consolidating and the investors are slowly picking up on the stock. The Stock is about ot go in an uptrend. Soon about to breach the narrow wedge formed for the past few days.
Disclaimer: Only for Educational and testing purpose.