Bank Nifty - Inverted Head and Shoulders pattern
On Friday, Bank Nifty formed an indecisive “Spinning Top” candlestick which suggests that the price can go either way this week. We may see Bank Nifty reversing after taking support from 33900-34000 levels. On the extreme side, it may go down to 32150 levels, though it looks a bit unlikely as of now.
If it reverses from 34000 levels, it would be a step towards a confirmation that Bank Nifty is forming an Inverted Head Shoulders pattern
If it reverses from 34000 levels, it would be a step towards a confirmation that Bank Nifty is forming an Inverted Head Shoulders pattern
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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.