March 11, 2011

BANK NIFTY Triangle pattern

  • Bank nifty is moving up and down in a triangle pattern.
  • Right now price has hit the resistance line of the triangle.
  • A fall towards 10400 levels may take place if 10658 gets broken.
  • Breakout from the triangle can also give good direction. Being a triangle one should be careful of a false breakout.

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