Bank nifty current structure more looks like an ending diagonal triangle, a wave 5 structure. It has broken the triangle to downward, and also done with a retest.
It should be followed by a sharp downside move. The immediate support should be channel as shown.
It should be followed by a sharp downside move. The immediate support should be channel as shown.
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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.