Refer to chart for clear understanding.
Bank nifty in short term perspective may seem Bearish owing to global shortcomings, but indeed it is forming a Broadening Descending Wedge pattern which is a sign of An upcoming strong Bullish move. The last session Banknifty clearly made a double bottom And a higher low as well at its important support 33900. Any Upper side violation above the high May bring the bulls back.
Bank nifty in short term perspective may seem Bearish owing to global shortcomings, but indeed it is forming a Broadening Descending Wedge pattern which is a sign of An upcoming strong Bullish move. The last session Banknifty clearly made a double bottom And a higher low as well at its important support 33900. Any Upper side violation above the high May bring the bulls back.