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tejasvs227
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75 % indices 25 % stocks
Top Mentioned Symbols
BANKNIFTY 25% | 1 CNXPHARMA 25% | 1 HDFCBANK 25% | 1 NIFTY 25% | 1
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Nifty-pharma in ascending triangle.
CNXPHARMA
, 1D
CNXPHARMA: Nifty-pharma in ascending triangle.

The daily chart of NIFTY-pharma has an ascending triangle pattern. A bullish breakout is an undeniable future possibility.

BankNifty with a potential breakout.
BANKNIFTY
, 1D
BANKNIFTY: BankNifty with a potential breakout.

An ascending triangle is very much obvious. What remains to be seen is whether there will be a breakout in BankNifty when Nifty is already hitting all-time highs with great momentum for days after days.

Fascinating trinity of trend-lines meets on June 6th, 2022.
HDFCBANK
, 1W
HDFCBANK: Fascinating trinity of trend-lines meets on June 6th, 2022.

While trying my hand at drawing the trendlines for the weekly charts of HDFC Bank, a unique pattern popped out. 3 trend-lines meet each other on June 6th, 2022.

Three triangle formations and three breakouts.
NIFTY
, 1D
NIFTY: Three triangle formations and three breakouts.

Daily charting of NIFTY50 shows 3 triangle formations over different time periods with the breakouts. Retrospectively, triangle formation followed by breakout seems to prove itself in NIFTY50 time and again.

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