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Friday, April 14, 2017

For study purpose How banknifty retested prev tops n moved

Banknifty monthly chart picture shows how it crawled up by breaking sloping n horizontal top trend lines

After each breakout it moved higher n retrsted prev tops

After retesting again gone higher....
Same patterns when there is correction
this is old n simple technique can apply in intra daily weekly price chart also
JUST FOR DTUDY PURPOSE