Bank Nifty Analysis on 30-March-2023
From the above chart we see that Bank Nifty has formed an ‘Ascending Triangle pattern’ on the daily chart.
This pattern has been taught in the course “Fundamental আৰু Technical Analysis” in the section ‘CHART PATTERNS’.
If you have not read/watched that lesson, you should do it now.
As explained in that lesson, this chart pattern indicates a probable breakout on the upper side. This means that the Bank Nifty will go up in the coming days.
Hence, it is a good buying opportunity for us.