NSE:BANKNIFTY   Nifty Bank Index
An Interesting Chart Since the Beginning and YYYYYYYYYYYY we Bottomed in 2020 Covid where we did. The Parallel channel bottom TL provided the supports to the downside and put an End to it. However now here is the Interesting part. Look at the Parallel channel in BLUE drawn from Dec 2019 high to March 2020 Low........ While the Lower TL provides multiple supports since.... NOT ONCE has BN hit the UPPER TL...... NOT ONCE. On the Contrary........ even though price constantly makes HH...... It has a DOWNWARD SLOPING TL currently in BLACK. This should give enough HINT to each one of you that we are in an UPWARD SLOPING ENDING CHANNEL................ where Price altough making HH n HL...... is GETTING SQUEESED
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.