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In a post earlier I have mentioned about a probable head and shoulder pattern developing in bank nifty. A similar pattern is forming in NIFTY chart.
Bank nifty has strong support (neckline) at 12240. Bank nifty has stiff resistance zone in 12480-12530 (Right Shoulder area) zone… A high volume break if 12240 will be very bearish for BANK NIFTY and it will target 11650.
I will update comment section when I see this probable pattern is going to fail
Author – Pattern Trading
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All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.
200 points down trail sl
hi sumit thanks for this market tips i really like this tips for my investment and trade.
You are most welcome 🙂
Please book all 🙂
Very good chart reading.Congrats.