Nifty Bank IndexShort
#BANKNIFTY ANALYSIS
Two pattern coincidences on daily chart :-
First one head & shoulder breakdown, but I will wait for one more day for confirmation. ( This will happen after retest confirmation at 44520-44500 level).
Second pattern Cup & Handle pattern which is yet to breakdown & retest again at 44200 level.
Both pattern above gives target of 42650 level.
But yes I will wait for confirmation which we will get on Monday by 2nd half mostly.
First one head & shoulder breakdown, but I will wait for one more day for confirmation. ( This will happen after retest confirmation at 44520-44500 level).
Second pattern Cup & Handle pattern which is yet to breakdown & retest again at 44200 level.
Both pattern above gives target of 42650 level.
But yes I will wait for confirmation which we will get on Monday by 2nd half mostly.
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