Wealthcam

Bigger the consolidation the bigger is breakout expected

NSE:BANKNIFTY   Nifty Bank Index
As we can see BANKNIFTY has been consolidating around its neckline of the supposed W pattern, despite opening weak to being negative, it finally reaches and closes around being positive hence any flat to positive opening in BANKNIFTY can show big breakout above but if opens weak then we can see BANKNIFTY remaining sideways to negative throughout the day so tomorrow’s opening is going to play a crucial part in tomorrow’s market so keep watching everyone

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