Descending Broadening Wedge formation in Bank Nifty

14 thg 8, 2024

After almost giving the target of the ascending wedge pattern, bank nifty is about to reach the crucial 50% retracement level on Fibonacci. It is likely to take a bounce at this level and swing within the descending broadening wedge (depending on the premarket opening).

For paper trading and Educational Purposes only.