Symmetrical structure . We will see a BO or BD
Let's see how it reacts to these levels .
As you see one can call this a descending triangle . But I prefer to call it a symmetrical balanced structure which is in tight consolidation as time passes . You'll see a breakout . Only the ones that happen with good volumes last !
Kotak Bank is forming a descending triangle. Though breakout can be seen either side .
We can see divergence also at a significant resistance level .
BNF is at a crucial resistance .
But in a narrow range .
Expiry can be volatile .
Inverted head and shoulder pattern .
With good volumes. Can be good pre market trade .
Bank nifty forming higher highs and higher lows .
Simple breakout . Simple yet beautiful
We can clearly see a flag formation and breakout with good volume along with retracement .
Strong resistance just above at the zone marked .
Bpcl approaching towards the gap .
Buy opportunity can be seen at the levels marked .
For swing trade .
Opportunity yet to be formed .
Keep track of it
Bank nifty forming an inverted head and shoulder .
Bank nifty forming a inverted head and shoulder pattern .