BANK NIFTY may enter the 40,000 mark soon, with a lot of ease.
Bank Nifty looks amazing, as we saw it broke pattern 1 which was a simple channel pattern,
As we zoomed in we realized 2nd pattern (marked in purple) which is called the triangle pattern,
this pattern has already been rejected two times by sellers in the past(shown in the chart)
today Pattern 1 was broken with a huge green candle this shows that buyers are in full strength
and we may see a rally very soon this rally can easily break the 40,000 mark.
Best of luck to all of you.
PS: This post is just for educational purposes,
If you have any doubt feel free to reach out.
As we zoomed in we realized 2nd pattern (marked in purple) which is called the triangle pattern,
this pattern has already been rejected two times by sellers in the past(shown in the chart)
today Pattern 1 was broken with a huge green candle this shows that buyers are in full strength
and we may see a rally very soon this rally can easily break the 40,000 mark.
Best of luck to all of you.
PS: This post is just for educational purposes,
If you have any doubt feel free to reach out.
