Mentioned in the chart.
There was a gap up opening. Chances of reversal up to the levels.
Trading inside a parallel zone. Volume is declining, bleak chances of breaking the resistance.
Mentioned in the chart
Keep SL wisely. On 11th March there was a big gap down opening. Have been trading in the same zone, but at the same time strong upward move. That's why 2 probable roads for the next target.
At the bottom of the parallel channel. High reversal chances.
The nifty bank formed a "double bottom". Possible next trend is bullish with strong bullish volume to break the neckline.
There should be some consolidation zones in between while reaching this target.
SL below lower fib.
These patterns are hard to predict. But after the breakout of possible support or resistance targets are reached in no time.