Nifty Bank Intra day in an extended triangle

٢٦ ديسمبر ٢٠٢١

While the BN is sliding inside a falling channel it started a pullback from 34150 and traded higher in another rising channel sine two days. But on 24/12/2021 after opening broke this rising channel decisively and could not sustain an attempt to recap inside the channel. Now it has formed an extending triangle and may trade till breaks on either side.
Strong support zone 3400-34400 and intermediate strong resistance zone 35500-35650.
DISCL: do your due diligence before taking a trade. This analysis is for educational purposes only.