Bank Nifty symmetrical triangle Date--12-jan -2023
Hey Everyone As Per Bank nifty Chart bank nifty has formed Symmetrical triangle pattern in Daily Time Frame And Also Bank nifty Continue In Uptrend ..
Candle Stick Based
Bank Nifty Formed Tweezer Bottom Patterns Bullish pattern.
Buy Above 42350 If Sustain Then We Can See Good Upside Movement In BANKNIFTY.
Target 42700 43000
Stop loss Around 150 point .
Trade With Your Risk Management.
Tweezer Bottoms
HONAUT- Tweezer Bottom at Strong Support LevelsFollowing Chart is of Honeywell Automation which Clearly shows Tweezer Bottom at the Support Level of @39130
The trend must get reversed with Targets anywhere around @48000 to @50000 if the Strong Resistance Level is Broken @45000
The RSI is just reversing from the Oversold Region which hints a nice time to buy.
All in all you will end up with a sweet 11% profit in short term even if you book the profits @45000
Risk averse traders might wait for another day to confirm.
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Thanks, if you have any queries/suggestions related to above pattern, feel free to type below in the comment section.