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Bank Nifty : Will Hit 30000?

Long
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NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty

Chart Pattern: Descending Channel

On the hourly time frame, Bank Nifty has been trading in the Descending Triangle Pattern.

Descending Triangle Pattern, Generally, this pattern is a bearish pattern. However, a descending triangle pattern can also be bullish.

Level Based on Descending Triangle: If the Price sustained above 32000 then we could see a good move in the coming days

If the price has exceeded the level of Support, we may witness further declines in the coming days.
Commento:
Chart Pattern : Descending Triangle
Commento:
1300 Point Up from Support Level
Commento:
3000+ Points from the support level
Trade attivo
Commento:
Almost 4000 Points from the Support Zone
Trade chiuso: obiettivo raggiunto:
Almost 5000 Points

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