Bank nifty In END of rising wedge pattern, starting from dec 2019 as hh, formed series of HH and corona crash downside as first LL and followed by series of HL .the resistance trend line is low steeper than the support trend line
7 Years of falling channel corrected as sideways triangle for 3 years from 2020 to 2023 now that sideways triangle breakout happened and also fundamentally good...
"trading in 2 yr falling wedge pattern fell more than 50% from ATH on 12 oct 2021
6 year diownside channel forming low time frame pattern of 5 month sideway triangle near upper resistance ,if it broke upside the 1st target will be 450-460 and it broke downside it will touch 200 and then 150 and 118 before taking support from lower trend line of 75
descending trinagle in daily time frame and it had breaked little, need to give strong breakout.
this pattern indicates that positive breakout will occur after minor corrections, as in downside there are many support levels . Having many supports nearby ,market corrected over long time, this pattern all indicates potential upside .