BANKNIFTY--Head Shoulders pattern??
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BANKNIFTY index is now taking the support form inverse right shoulder...
now we have a chance of head and shoulders pattern as well ...
keep safe before long....immediate resistance lies at 46200.
wait until price breaks the neckline and retest...then will go for shortside...
now we have a chance of head and shoulders pattern as well ...
keep safe before long....immediate resistance lies at 46200.
wait until price breaks the neckline and retest...then will go for shortside...
Nota
Breaks above the right shoulder and sustain then only long continuation up to 47200 levels.Nota
Price is at important zone of support... Might strong reversal may happens... Keep safe hereNota
After bullish gap price gives us retracement....safe hereNota
price exactly at neckline and retest of trendline...Nota
enter long on break and retest...Nota
or wait for the neckline to break and retest and will enter short...Nota
If price breaks the right shoulder then we have chance of continuation to 46600 levels.Nota
Book profits From now enters in resistance ZoneNota
Noshortside... It may breaks 46400 levelsNota
This is the place again changes its directionNota
price is now in demand zone....if price consolidation again on topside price will reach 46400 levels.Nota
Nota
enter long again in this zone.
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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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