BankNifty in Process of H&S pattern 1250 Pts fall to downside ?

Mar 28

Banknifty is in process of making a head and shoulder pattern price rejected from 47400 area if continues and breaks the support of 46950 area it will again test the lowerside levels of 46000 to 45800 about 1250 points.And to otherside of view if 47400 failed to hold and price sustains above upperside it will look to test 48000 and further up. keep checking price action without any trend bais how it opens on monday will be intresting to see will upadate more on the same on Monday.

Mar 30

Note

47400 above may test higher levels

Apr 4

Trade closed: target reached

H&S shoulder failed and upperside target acheived .