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yugankmx

Head & Shoulder in BNF

Short
Nifty Bank Index (NSE:BANKNIFTY)  
yugankmx Updated   
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns BANKNIFTY
3
2
chartpattern banknifty
Head and Shoulder pattern has been observed in BNF at 12:55 PM.
Trade active:
50 EMA will act as an support here.
Trade closed manually:
Took support of 50 EMA and bounced back towards 34000.
Comment:
At 50 EMA Support, Bought 34400 CE May at 310 and sold at 350. Booked 1000 Rupees profit per lot.
Comment:
34400 CE May reached 460 since it took support from 50 EMA.
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