Today Bank nifty made lifetime High 56161 but failed to give conviction Breakout, No Doubt Price action is very good also Support near 20 EMA on hourly or Daily chart with making a bullish ascending tringle Pattern But any pattern to validate need a strong moment through breakout/Breakdown we noticed buyer trapped in morning to see bank nifty touching lifetime high. you can go long with small stoploss but remember if such pattern would be failed then price probably fall & come to support near neckline, I mean to the place (pattern started) where it began, Banknifty Multiple support also a strong zone near 50-day EMA so it would be value buying zone Near 53500-53800.
So, I am waiting what do u think?
So, I am waiting what do u think?
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