vanathi

Bank Nifty - Critical Zone 18050 - 18200

NSE:BANKNIFTY   NIFTY BANK
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4
Bank Nifty is in crucial support zone . The lines in red 18050 to 18200 indicates the importance of the zone. Blue dotted lines shows long term support zone . Bank Nifty should move above all these lines to show it is back for the game. Many traders will have a doubt, this chart shows Head & Shoulders pattern, but still it didnt fall down. Its because price action is above the longhttps://in.tradingview.com/chart/QtD56IkU/ term support zone (blue dotted lines).
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Comments

Thanks for sharing the Bank Nifty
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So now Bank Nifty is near 18300. What should we expect based on the Chart for the next week?
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vanathi venkaticr
@venkaticr, I will post about it this weekend.
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venkaticr vanathi
@vanathi, Ok. thanks
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good spot...it looks head & shoulders pattern but der was no confirmation on it...people might have predicted the pattern & would have jumped in to trade..wait for conifrmations,,
@vanathi good analysis
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vanathi MehulJain3a
@MehulJain3a, Thank you.
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