BANKNIFTY--Inverse Head & Shoulders??
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Bank nifty index is showing strong bearish pressure after the liquidity grab above 47200.
price tested the demand zones on bottom side and now facing resistance at trendline.
we have a chance of inverse head and shoulder pattern, to test the ATH levels.
If consolidation happen above neckline will have a chance of testing the ATH is more.
price tested the demand zones on bottom side and now facing resistance at trendline.
we have a chance of inverse head and shoulder pattern, to test the ATH levels.
If consolidation happen above neckline will have a chance of testing the ATH is more.
Nota
wait for the consolidation above the neckline...Nota
If price opens below the Head section, will think of short side.Nota
Rally base rally is also possibleNota
so wait for the price to consolidation above neckline.Nota
When price reaches to the 47200 levels, then think of short or upside
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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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