BANK NIFTY-INV FLAG PATTERN

4 Eki 2023

Bank Nifty moving thru a narrow channel and in the process has formed a Bearish Pole & Flag pattern. Expect Bank nifty to test 43000 shortly-which is equivalent to the length of the pole.SL would be 44250

5 Eki 2023

Not

Pl.note if BNIFTY holds above 44364 and above 44700 then a hhuge breakout on positive side is likely .As the Inv Flag pattern would turn bk into formation of IHS pattern