BANKNIFTY--Inverse Head & Shoulders??
Updated
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.
Comment
wait for the consolidation above the neckline...Comment
If price opens below the Head section, will think of short side.Comment
Rally base rally is also possibleComment
so wait for the price to consolidation above neckline.Comment
When price reaches to the 47200 levels, then think of short or upside
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