BANKNIFTY--Inverse Head & Shoulders??

15 thg 2

Banknifty Index created a inverse Head and Shoulders pattern...
price broken the neckline strongly...and retested.
on topside clearly resistance is at 46200 and 46500-46550 levels...
keep in long side until price is above the neckline...
no short side until price breaks the below ...after breaks below the neckline will think of short side for liquidity grab below support levels.
If price gives an elimination move below 45500 levels...
look for long side...up to the resistance levels.

15 thg 2

Ghi chú

it is approching the level...wait price may completely bearish as well.

15 thg 2

Ghi chú

as long as price is above its bullish only.

15 thg 2

Ghi chú

its time to think

15 thg 2

Ghi chú

It's time to think elimination or reversal

15 thg 2

Ghi chú

Break and continuation or break and fall back
elimination and move upside...
keylevel is neckline

15 thg 2

Ghi chú

Breakout or breakdown

15 thg 2

Ghi chú

exit from long if price breaks 45970 levels.

15 thg 2

Đóng lệnh: đạt mục tiêu

Its now at one more important zone of resistance...

19 thg 2

Ghi chú

until Neckline breaks no short side view

20 thg 2

Ghi chú

now price is at important zone of resistance....its time for reversal