Bank Nifty has formed symmentric Triangle pattern formed..
This will move either down side or upside & important thing is support and resistance are perfectly matching with Fib 1.618 level..
Still 2 days remaining for weekly Bank nifty expiry.. Surely there will be 1800 volatile.
As per my calculation it may bullish trend...
While all are busy with Nifty and stocks we must not ignore that the USDINR has registered a breakout from a 6 months symmetrical triangle. The RSI is well placed into bullish zones with the pattern target placed at 74. However a break below 71.55 will render the pair into consolidation again.
Breakdown below 102
Breakout above 108
Took support of 50,9 EDMA, RSI moving up..!!!
Traders - possibility of breakout is more - Can give a good move 108 (volume must be high near breakout)
Hi Everyone. SBI Life is in the midst of culminating symmetrical triangle pattern on a weekly chart pattern. A symmetrical triangle pattern is a neutral pattern. Please do visit my blog for comprehensive fundamental and technical analysis.
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-BROKE OUT OF SYSMMETRICAL PATTERN
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CHECK THE PREVIOUS IDEA
MOMENTUM TRADE IN AMBUJA CEMENT
-RISE IN PRICE+RISE IN OI
-BREAKING OUT OF SYMMETRICAL PATTERN
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