Broke its ascending triangle structure
broke its ascending triangle structure after good consolidation near the resistance line
Bata is consolidating around the support and shown a sign of breakdown.
Sunphrama beautifully broke its ascending triangle structure
Ascending triangle breakout and retest
Ascending triangle breakout - although the entry could be early as its a non-stop breakout - a consolidation near resistance would have been much appriciated
ascending triangle breakout - could trail once target is acheived
Descending triangle breakdown
Ascending triangle breakout
Banknifty view - Bullish but losing steam, the higher highs are losing the momentum, it could become range bound util the latest swing high or low is not broken. If it breaks the recent low then it can form an head and shoulder pattern and fall
A corrective trend to the zone
at ~20400 there monthly and weekly supply zone which can act as reversal zones. Zones marked in pink are higher time frame SD zone
Bank nifty at crucial levels: Its on weekly and monthly multi-year support. If broken we can see a huge downfall till 14000.
at ~20400 there monthly and weekly supply zone which can act as reversal zones. Zones marked in pink are higher time frame SD zone