Monday, 18 December 2017

Falling Wedge Pattern Breakout, Can Bank Nifty Sustain?

Posted by suhani varma on Monday, December 18, 2017 with No comments



Live & Latest Intraday trading Stock Recommendations tomorrow, Stocks in news,Intraday tips free today, Stock market investment tips today and Tomorrow, intraday nifty and stocks Tips and call 18 December 2017, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intrans, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 18 December 2017.
--------------------------------------------------------------------------------------------------------------------------------

On doing a Bank Nifty constituent analysis, HDFC bank, IndusInd Bank and Kotak Bank all are showing signs of breakout.Bank Nifty has shot up sharply in the morning trades after going through initial knee jerk reaction on account of the elections outcome.
The index has broken out from afalling wedge pattern on the daily chart.

This indicates that the index is all set to rally towards its previous peak of 25,953 hit on November 28, 2017.

On doing a Bank Nifty constituent analysis HDFC bank the index heavy weight has broken out from a channel pattern, while IndusInd Bank and Kotak Bank both are showing signs of a Symmetrical Triangle pattern breakout. Even HDFC Ltd has broken out from a falling wedge pattern.

For Quick Trial – 8962000225 ✔ 
or mail us here: info@ways2capital.com 
or visit http://www.ways2capital.com 
✆ - 0731-6626222 | Toll Free - 1800-3010-2007✔ 
Give a Missed Call for Free Trial - 09699997717

0 comments:

Post a Comment