April 19, 2020

BANKNIFTY triangle breakout?

- trend is down on daily charts
- close above 22000 will indicate trend reversal

- possible triangle breakout
- rally possible till 26000-28000
- will pattern fail?

- before above levels, there is very strong resistance at 24000
- here there are 2 swing lows of 2018 (double bottom)

- any rally will be a pullback rally

- hanging man formed on Friday

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