TradZoo

Double Top pattern in BANKNIFTY

Short
TradZoo Updated   
NSE:BANKNIFTY   Nifty Bank Index
In today's session, Banknifty formed double top pattern on 30 minutes time frame. Currently it's trading near support(Neckline) level of this pattern. According to pattern in case banknifty gives breakdown of this support level then expected downside target of 37280 level which is height of this pattern from it's neckline. Intermediate support possible at 37550. Any breakout pullback possible from this support level.
Comment:
37550 Done

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.