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Nifty Bank Index
Short

Bank nifty trying to form Head & shoulder pattern on daily frame

90
On daily frame, we can see that BNF is trying to from H&S pattern. Data will be totally bearish & H&S pattern will be formed completely if Bank Nifty broke 50400 level. So, avoid new buying in banking sector.

Only if BNF closes below 50400 on daily frame then BNF can hit targets upto 46500.
Parveen_Verma
Also on:
Chart PatternsTrend Analysis

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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.
Chart PatternsTrend Analysis
Parveen_Verma
Also on:

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.