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Pondy_Traders

Banknifty for Jan 12 expiry

Long
Nifty Bank Index (NSE:BANKNIFTY)  
Pondy_Traders  
NSE:BANKNIFTY   Nifty Bank Index
Head and Shoulders Trend Analysis Supply and Demand BANKNIFTY bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis bankniftytrading Bullish Patterns intraday head_and_shoulder
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headandshoulders trendanalysis supplyanddemand banknifty bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis bankniftytrading bullish intraday head_and_shoulder
Banknifty has formed inverted Head & Shoulder in 15/30 min Time Frame.

I'll be entering long once the neckline is broken.

Entry: Any closing in 15/30 min above 42750
Target: 1st taget -- 43150; 2nd target -- 43500
SL: Any 15 min candle closing below42500

One can look for conservative entry at the retest of the neckline after breakout.

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