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 !
Trade chiuso: obiettivo raggiunto
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.