Maheshwari31

intraday bank nifty analysis

NSE:BANKNIFTY   Nifty Bank Index
we can see a ascending traingle pattern formation on 15M time frame.
if the price breaks PDH(34800) we can go long with targets of 34000 and 34200.
if price break the level of 34400-34350, this will formate a double top pattern, resulting in subsequent fall with targets of 33100 and 33000 as well.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.