Bank Nifty: Rising Wedge Breakdown

20 thg 10, 2023

- The rising wedge pattern in #BankNifty is very much evident and Obvious.
- The Layman's Consensus would be a breakdown into the correction phase.
- The other probable outcome should be a sideways market followed by a breakdown that is immediately covered up for another up-move.
- Note that the FIBO levels are conveniently placed at 38.2% and 50%.
- Only time will tell the tale.


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20 thg 10, 2023

Ghi chú

Interesting outlook linking the Bank Nifty with Other banks:
twitter.com/TheChartereds/status/1715410443215213024