Weekly Chart
Bank Nifty unable to breakout clearly above the blue uptrendline.If breaks out, fibonacci targets marked can be kept in mind.
If breaks down, supports are marked on daily charts below.
Daily Chart
Oscillators on weekly and daily charts look weak.
Hourly Chart
Would like to identify the pattern as an equilateral triangle as the neckline is sloping upwards. This makes the side of breakout unpredictable as it could be on either side.
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Happy Trading !!
Lakshmi Ramachandran
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