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Banknifty--Inverse Head & Shoulders??

Banknifty is now still in Demand zone...
But liquidity is lies below the Head section..
After clearing the liduidity on bottom side, price is likely to reversal...
So wait for the price to clear and breaks the neckline to enter long.

Nota

Price is near to its header section... As of now no long side confirmation..
Keep safe here... All the moves are starting from this point...take care..

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If no liquidity grab below these levels now, we have one more short side gal from top levels. Which is from Right shoulder Or trend line break.

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This fall might be end of short side keep book all shorts

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Liquidity grab below the header section is done.... Keep look for long now... But not immediately.

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If price cannot able to sustain above neckline... Price falls again below 45800 levels...
Wait for the price to consolidate for 1 session... It has to be above Neckline.

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Price is entirely trading above the neckline..
Tomorrow opening is important for us...
If price opens down...fills the bullish gap.. Then will go for long.. For the targets of 47100 and 47300

IIT-Trader

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IIT-Trader

**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--

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