Weekly view of Banknifty

Weekly overview of Banknifty with one-day candle. Weak below 34500 levels and bullish above 35850 levels. Making ascending triangle pattern. Will break-out/break-down on 16/07/21 or 19/07/21.

 

Chart patterns in technical analysis of stocks/equity

 

BULLISH PATTERNS:

1. Flag

2. Pennant

3. Cup with handle (Tea cup pattern)

4. Ascending triangle

5. Symmetrical triangle

6. Measured move up

7. Ascending scallop

8. Three rising valleys

BEARISH PATTERNS:

1. Flag

2. Pennant

3. Inverted cup with handle (inverted tea cup pattern)

4. Descending triangle

5. Symmetrical triangle

6. Measured move down

7. Descending Scallop

8. Three descending peaks

REVERSAL PATTERNS:

1. Double Bottoms ("W" pattern)

2. Diamond Bottoms

3. Rectangle Tops

4. Head and shoulders Top

5. Double Tops (Inverted "W" pattern)

6. Diamond Tops

7. Rectangle Bottoms

8. Head and shoulders Bottoms

 

 

 

Higher high and higher low

 

 

 

Lower Low and Lower High