Banknifty consolidation in Triangle breakout awaitedDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
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Banknifty consolidation since many days and looks fitting triangle pattern or flag with pennant.
Stop loss 34893
Wait for confirmation close above 36464 for given targets
If wave 3 extends beyond 1.618 levels then 50k is no big deal.
