Banknifty may continue UPTREND
CHART PATTERN : Bullish Pennant formation
The technical analysis suggests that Banknifty is poised to sustain its upward momentum, indicated by the presence of a Bullish Pennant formation on the chart.
An opportune entry point would be if the market opens flat tomorrow and experiences a breakout, signaling a continuation of the uptrend.
Alternatively, in the event of a gap down near the 0.5 Fibonacci Level and trendline, a potential upward movement may occur, especially if there is a formation of higher highs (HH) and higher lows (HL).
Thank you !
CHART PATTERN : Bullish Pennant formation
The technical analysis suggests that Banknifty is poised to sustain its upward momentum, indicated by the presence of a Bullish Pennant formation on the chart.
An opportune entry point would be if the market opens flat tomorrow and experiences a breakout, signaling a continuation of the uptrend.
Alternatively, in the event of a gap down near the 0.5 Fibonacci Level and trendline, a potential upward movement may occur, especially if there is a formation of higher highs (HH) and higher lows (HL).
Thank you !
İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.