gujarathiumesh

BNF BEARISH Head & shoulder on 15 min chart

Short
NSE:BANKNIFTY   NIFTY BANK
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1
BNF is making lower lows on hrly basis and now since 26th Feb is range bound within 1500 points.
It has made a Bearish H&S pattern and if it breaks the neck line which is at 34900 then we expect a fall of around 1500 points in BNF.
The hrly bnf is also trading below the Inchimoku cloud and next support on Bnf looks like 33500 which is a gap
Trade closed manually: The pattern is not valid anymore..........so trade closed

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nice chart
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