Nifty Bank IndexPenjualan
Banknifty Big H & S
1st Target 900 pts
2nd 1900 pts
3rd support line
ITs a classic head and shoulders pattern on top on bigger time frame showing sellers in control
it's may be possible that it'll go for sl hunting to first swing and fall after or from right shoulder and fall to targets. thats 70% possibility but 30% it may give targets direct and very sharp as selling is always faster. 2023 U.S. banking crisis impact is still neglected by index which is bigger than 2008 crisis. Michel burry has predicted crash till 2023 end. His scion capital bought $1.5 Bn Puts on s&p 500 and Nasdaq. Meanwhile indian markets are way stronger but as all the markets are connected.... don't bet biased but be ready for correction opportunity....
2nd 1900 pts
3rd support line
ITs a classic head and shoulders pattern on top on bigger time frame showing sellers in control
it's may be possible that it'll go for sl hunting to first swing and fall after or from right shoulder and fall to targets. thats 70% possibility but 30% it may give targets direct and very sharp as selling is always faster. 2023 U.S. banking crisis impact is still neglected by index which is bigger than 2008 crisis. Michel burry has predicted crash till 2023 end. His scion capital bought $1.5 Bn Puts on s&p 500 and Nasdaq. Meanwhile indian markets are way stronger but as all the markets are connected.... don't bet biased but be ready for correction opportunity....
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