IIT-Trader

BANKNIFTY--Head Shoulders pattern??

IIT-Trader 已更新   
NSE:BANKNIFTY   Nifty Bank Index
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...
評論:
Breaks above the right shoulder and sustain then only long continuation up to 47200 levels.
評論:
Price is at important zone of support... Might strong reversal may happens... Keep safe here
評論:
After bullish gap price gives us retracement....safe here
評論:
price exactly at neckline and retest of trendline...
評論:
enter long on break and retest...
評論:
or wait for the neckline to break and retest and will enter short...
評論:
If price breaks the right shoulder then we have chance of continuation to 46600 levels.
評論:
Book profits From now enters in resistance Zone
評論:
Noshortside... It may breaks 46400 levels
評論:
This is the place again changes its direction
評論:
price is now in demand zone....if price consolidation again on topside price will reach 46400 levels.
評論:
評論:
enter long again in this zone.

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