Bank Nifty

Bank Nifty has formed a rectangle pattern between 12838-12682 on hourly charts ,any breakout/breakdown from this rectangle could give 156 point trading opportunity.

Update : Bank Nifty Rectangle

Bank Nifty reached its target today given in this post .

Bank Nifty : Rectangle

Bank Nifty has been trading in a rectangle between 12240-12530 for last eight trading sessions ,breakout from  this rectangle could give trading opportunity of 290 points.

Bank Nifty

Bank Nifty is forming Flag & Pole pattern ,close above 11600 with volumes can take bank nifty to 13000 in coming months.

Update : Bank Nifty Rectangle

BankNifty reached its rectangle target on upside given in this post. 

Bank Nifty : Rectangle

BankNifty has been trading in a rectangle (11322-11532) for last 5 trading sessions so any breakout/ breakdown  from this could give trading opportunity of 210 points.

Update : Banknifty Island Reversal

Target Given in last post reached today.

Bank Nifty : island Reversal

BankNifty formed an island reversal on hourly chart and could now target 10160.

Bank Nifty

Bank nifty broke on upside from symmetrical triangle pattern but the breakout failed and banknifty completed its target on opposite side as it is often observed that busted patterns reach the target on other side.