tejasvs227

tejasvs227

The daily chart of NIFTY-pharma has an ascending triangle pattern. A bullish breakout is an undeniable future possibility.

tejasvs227

An ascending triangle is very much obvious. What remains to be seen is whether there will be a breakout in BankNifty when Nifty is already hitting all-time highs with great momentum for days after days.

tejasvs227

While trying my hand at drawing the trendlines for the weekly charts of HDFC Bank, a unique pattern popped out. 3 trend-lines meet each other on June 6th, 2022.

tejasvs227

Daily charting of NIFTY50 shows 3 triangle formations over different time periods with the breakouts. Retrospectively, triangle formation followed by breakout seems to prove itself in NIFTY50 time and again.