BANKNIFTY INVERTED HEAD AND SHOULDER PATTERN BREAK?
SUMMARY:-
*banknifty has created inverted head and shoulders pattern on smaller time frame
*along with that we have major trendline break on the cards
*banknifty if starts to trade above 34200 i will more comfortable to sit for a target of 34400-34600-34800
*signs of usd/inr topping out
*if not then a short-covering is expected as market is extremly oversold
*banknifty has created inverted head and shoulders pattern on smaller time frame
*along with that we have major trendline break on the cards
*banknifty if starts to trade above 34200 i will more comfortable to sit for a target of 34400-34600-34800
*signs of usd/inr topping out
*if not then a short-covering is expected as market is extremly oversold
Trade closed: target reached
FIRST TARGET HIT
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