BANK NIFTY EXPECTATION

Bank Nifty has been moving sideways for the past seven months and seems likely to continue in the same range. It also appears to be forming a symmetrical triangle pattern. Whether this pattern completes successfully or not remains uncertain. However, based on the minor trend, the 49,500 to 49,800 range has a chance of acting as a demand zone.
Chart PatternsTechnical IndicatorsTrend Analysis

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