Banknifty reversal trade plan for Monday (07-08-2023)
1. Bullish H&S pattern (Reversal/ Inverted H&S Pattern)
2. Price turning from support giving a false breakdown, on daily TF earlier resistance.
3. Major trend bullish, short term was bearish until this reversal set up appeared.
4. Now for short term buy on dips is logical to trade.
2. Price turning from support giving a false breakdown, on daily TF earlier resistance.
3. Major trend bullish, short term was bearish until this reversal set up appeared.
4. Now for short term buy on dips is logical to trade.
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