BANKNIFTY INTRADAY CHART SHOWS CONTRACTING TRIANGLE
Banknifty trading in a contracting triangle.... and hence the range is narrowing in triagle between 36400-36800
Bank nifty breakout from the pattern will give clear direction with volatile move...
WHAT IS CONTRACTING TRIANGLES IN TECHNICAL ANALYSIS ??In technical analysis, triangles can be either contracting or expanding.. In contracting triangles , range will get narrowdown within the triangle pattern before breaking out or breaking down.. whereas in expanding triangls, range will be wide inside the pattern...
What is BANKNIFTY ?Bank Nifty represents the 12 most liquid and large capitalised stocks from the banking sector which trade on the National Stock Exchange (NSE). It provides investors and market intermediaries a benchmark that captures the capital mark
#BANKNIFTY #INTRADAY #TECHNICALANALYSIS #TRIANGLE #PATTERN
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