Vishwajeeth_JK

Vishwajeeth_JK

This chart shows the Bank Nifty Index (NSE) on a monthly logarithmic scale with a clear ascending wedge pattern. Here's a breakdown of the key elements: 1. Chart Type: Logarithmic Chart: This scales the price axis logarithmically, meaning percentage changes are equally spaced. It's especially useful for analyzing long-term trends like this one, where price...

Vishwajeeth_JK

🚀 Breakout Watch: The index remains within a long-term upward channel, but a descending triangle/wedge pattern hints at a potential breakout or breakdown in the near term. ...