BAnkNIfty EOD chart view : 12th march 2018 (60m chart)

Hi Friends.

Just thought of sharing a rare pattern which BankNIfty seems to be making.

Bank Nifty 60min chart has been moving in a downward channel and has today indicated of a very rare Pattern. (Wolfe Wave). If this analysis is correct, expect Price to breakout to hit target at wave 6 near 26400.

Price need to breaks above its 200 DMA at 24800 (resistance zones) for a Strong rally.