Bank Nifty Descending Falling wedge

 

• Updating My blog after few years. Corona has given pain and few free hours for many of us. So trying to give life to my beloved blog which had fallen silent for many months. I hope i would be able to update the blog frequently.
• Bank nifty hour shows a Descending Falling Wedge. This pattern mostly resolves in favor of bulls. Bulls need to stay above 35500 and 700 on closing basis for bigger up moves to follow.
• 15 Minutes chart shows Immediate support zone below which bears will regain strength.