Bank Nifty Symmetrical triangle
#niftybank has created a Bearish Symmetric Triangle in the Daily Chart. On retracement to the broken trendline and the trap zones like the Reversal pattern, I expect it to come down from these levels.
Tomorrow there is a big event, the Union Budget is going to be published. This can bring in a lot of volatility. So, Play safe.
Disclaimer: Do trade at your own risk. This analysis is for educational purposes only. I am not responsible for any loss or profit you earn.
Tomorrow there is a big event, the Union Budget is going to be published. This can bring in a lot of volatility. So, Play safe.
Disclaimer: Do trade at your own risk. This analysis is for educational purposes only. I am not responsible for any loss or profit you earn.
Note
80% of the target got achieved yesterday only during the budget, nice to see the price turned exactly from the area I marked.Trade closed: target reached
And as expected the Target of 3200 points in #banknifty has been achieved. The price has followed my analysis with great precision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.