Nifty Bank formed a bearish Gartely Pattern and is around the potential reversal zone. For paper trading and educational purposes only.
Nifty 50 forms a ascending parallel channel. Educational & Paper Trading purposes only
Nifty Bank forms a falling parallel channel and a possible entry point at channel breakout for a long position. Disclaimer: For Educational and Paper Trading purposes only.
Bank nifty forms a rising wedge on a 15 minute time frame which can give a small profit target.
Bank nifty forms a descending Parallel Channel and it is about to give a breakout.
After almost giving the target of the ascending wedge pattern, bank nifty is about to reach the crucial 50% retracement level on Fibonacci. It is likely to take a bounce at this level and swing within the descending broadening wedge (depending on the premarket opening). For paper trading and Educational Purposes only.
Bank nifty formed ascending wedge and is to give breakout.
Nifty 50 looks like forming an ascending wedge pattern which is ready to breakout. The average volume decreases as the wedge narrows down.
Descending Broadening Wedge pattern in WTI Crudeoil.
Bnf forms a falling wedge pattern with the price likely to go further down. It is better to wait for the retest of the pattern and go for paper trading with a small stop loss
Nifty Bank has formed a falling wedge and Head and Shoulders pattern at the end of the falling wedge offering for a long entry position. The nifty bank also placed at the crucial level of 50% retracement on the Fibbonacci Levels from the bottom created on the election day result.
The RSI reading on BNF show bearish divergence, if it works, the price may test the fibonacci retractments levesl of 49650.