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