BankNifty Three Drive with Rising Wedge

٣ فبراير ٢٠١٧

BankNifty is in Euphoria Mode, i have been bearish on banknifty since 19200 but it has rallied almost 5% since then, i still think it is Working on Greater Fool Theory, Fundamentals are still bad and it is giving some signals for weakness in technicals also, it is making Harmonic Three Drive Pattern with rising wedge, any bad news will trigger a big selloff, same patterns are showing up in Nifty Also..