Date 05.05.2024
Bank nifty day chart, I have plotted and extended internal resistance trendline which is creating ascending broadening wedge pattern & that pattern is getting created during elections.
This pattern suggests huge volatility in coming times, neckline is important base for two patterns ascending triangle as well as ascending broadening wedge pattern, if neckline gets break then there will be deep correction or trend reversal expected
Bank nifty day chart, I have plotted and extended internal resistance trendline which is creating ascending broadening wedge pattern & that pattern is getting created during elections.
This pattern suggests huge volatility in coming times, neckline is important base for two patterns ascending triangle as well as ascending broadening wedge pattern, if neckline gets break then there will be deep correction or trend reversal expected