Nifty Private Bank - Bearish Flag or Inverted Head and Shoulder Hello All,
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Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
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Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
NIFTYPVTBANK trade ideas
NIFTY PVT BANKTriangle Pattern
Expecting breakout and retest on the marked level
Top 5 constituents by weightage
HDFC Bank Ltd. 26.28
ICICI Bank Ltd. 22.59
Kotak Mahindra Bank Ltd. 12.94
Axis Bank Ltd. 12.93
IndusInd Bank Ltd. 10.86
Individual pattern also forming in
Bandhan Bank Ltd. 3.96
**Educational view
Armageddon II: Nifty Pvt Bank Index ready slide below Mar20 lowPatterns are the basis of finding comfort beyond comfort zones created by news flow.
Same patterns that made me speak quietly in first week of January 2020 that the Nifty Private Bank Index has the strongest and most clear patterns ready for a 35% plus slide are now ready again and on a larger time frame and with greater clarity for a 50% downmove broadly speaking on almost all the private banks in Indian equities complex.
Check out this 2 minute video.
Caveat Emptor: All Market forecasts based on patterns is subject to change as the evolving market confirms the patterns fuertehr or denies them.
Nifty pvt bank index probable short candidateNifty pvt bank index have formation of bearish harmonic ABCD formation,, and given reversal from the same levels,, bearish wolf wave formation have given breakdown from trend line support,, nearest last support around 12300 levels of 200ema, breaking this would lead to fall of 1000 to 1200 points fall in this index.