Head & Shoulder pattern BANKNIFTY - July Expiry crucial levels

BANKNIFTY is making a head and shoulder pattern in 15 min TF.

Scenario 1: If it breaks and sustains the neckline and 36464 level, possible targets on lower side would be 36330, 36185, 36070 and 35876 (there is a small gap there as well)

Scenario 2: If BANKNIFTY bounces back from the neckline making a hammer in 15 min, possible targets on upper side would be 36888, 37000 and 37123.

Learn & Earn,

Dr . Tanya Kumar