BANK NIFTY Triangle pattern

• BN Weekly chart shows price contraction. Price is moving towards a possible triangle pattern.
• Fibonacci levels shows the resistance line and presence of 80% Fib retrace level near this line.
• For now Daily chart shows no weakness. Price stands above All crucial moving averages. So until price falls below 5 Day High EMA (10358) There cannot be any weakness. If price continues to trade above these daily levels we may see an attempt to breakout above the resistance line.
• USDINR BREAKS 50 DAY SMA