Head and shoulder in Bank nifty.
Bank nift is trying to form an head and shoulder. Right shoulder to be formed yet. It is also forming a rising wedge along with RSI in overbought zone. I am feeling strong to short in BNF in coming week. 23000-23100 for the levls to form right shouder on monday-tuesday. Then again 22800-22900. And then a 1000 points breakdown might be possible. Keep an eye.
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.