Inverse Head & Shoulder in Bank Nifty 15 Mins Long

Nifty Bank IndexNSE

Description

⋅ Oct 27, 2021 5:33 AM

As per the chart, one can clearly see an Inv H&S formation in Bank Nifty.

Breakout is still awaited.

Upon a valid BO, it can touch app 41,650 - 41,700.
SL blw low of Right Shoulder.

Trade as per price action.

Comments

ashish700

⋅ Oct 27, 2021 6:20 AM

look same , also brakout level happens to be 50% level of fibonacci retracement. banknifty seems bullish overall , nice analysis

TAGaganDeep

⋅ Oct 27, 2021 7:16 AM

@ashish700, Thank u