Probable Running Triangle in BankNifty- Bearish
Much weaker position then Nifty as the index is under threat of forming a Running Triangle. The low of wave (a) was 21351 and a completion of wave (e) below 21351 will complete a Running Triangle which is even more bearish .Again the wave (e) will be deemed over only on a faster retracement of the same and we will alert our readers on a live basis as and when the development takes place.
The probable terminal points of wave (e) are marked on the charts i.e., 19839, 20552 and 21474. A move sustaining above 21967 will completely negate the probable Running Triangle.
The probable terminal points of wave (e) are marked on the charts i.e., 19839, 20552 and 21474. A move sustaining above 21967 will completely negate the probable Running Triangle.
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