BANKNIFTY Symmetrical Triangle
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A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trend line indicates the start of a new bullish trend.
Buy above upper trend line and sell below lower trend line...!
Pls. wait for a candle to close above or below.
Always understand the risk before investing into the underlying security.
Hit like if you really liked it....!
Regards
Buy above upper trend line and sell below lower trend line...!
Pls. wait for a candle to close above or below.
Always understand the risk before investing into the underlying security.
Hit like if you really liked it....!
Regards
Note
Guys market again has come inside the triangle....Note
now if it is fail to remain inside it will blast down.....as this may have come for retest....!Note
Note
The Gap is still pending for filling.May be the Gap will be filled and then we can hope for reversal.
We will see how it react at GAP. Today taken support at Gap.
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