BANKNIFTY--Head Shoulders pattern??
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BANKNIFTY index is now taking the support form inverse right shoulder...
now we have a chance of head and shoulders pattern as well ...
keep safe before long....immediate resistance lies at 46200.
wait until price breaks the neckline and retest...then will go for shortside...
now we have a chance of head and shoulders pattern as well ...
keep safe before long....immediate resistance lies at 46200.
wait until price breaks the neckline and retest...then will go for shortside...
Ghi chú
Breaks above the right shoulder and sustain then only long continuation up to 47200 levels.Ghi chú
Price is at important zone of support... Might strong reversal may happens... Keep safe hereGhi chú
After bullish gap price gives us retracement....safe hereGhi chú
price exactly at neckline and retest of trendline...Ghi chú
enter long on break and retest...Ghi chú
or wait for the neckline to break and retest and will enter short...Ghi chú
If price breaks the right shoulder then we have chance of continuation to 46600 levels.Ghi chú
Book profits From now enters in resistance ZoneGhi chú
Noshortside... It may breaks 46400 levelsGhi chú
This is the place again changes its directionGhi chú
price is now in demand zone....if price consolidation again on topside price will reach 46400 levels.Ghi chú
Ghi chú
enter long again in this zone.
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