After a stupendous 'disbelief' rally in NIFTY & BANK NIFTY, it is consolidating in a bullish pattern that can be termed as Pole and Flag pattern. Read more about the pattern here.
Swift movement can happen on break of the falling trend channel. As this is a continuation pattern probability of breaking on the upside is high compared to breaking on the downside. But nothing has to be assumed & should follow the price closely for directions.
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