Nifty Bank IndexLong
BANKNIFTY SMALLER TIME-FRAME INVERTED HEAD AND SHOULDERS
SUMMARY*
-Index has made a inverted head and shoulder pattern
-expect short-covering above 37000
-upside minor resistance @37200-37400
-once 37400 is gone start of 38070 opens up
-some banks showing relative strength in AXIS BANK/ICICI BANK AND SBIN BANK
BANKNIFTY FUTURES TRADE CONDITIONAL
BUY@37100(ABOVE 37080 ONLY)
STOP@36900
TARGET@37350-37480-37800
EXTENSION ABOVE 38070 ONLY
-Index has made a inverted head and shoulder pattern
-expect short-covering above 37000
-upside minor resistance @37200-37400
-once 37400 is gone start of 38070 opens up
-some banks showing relative strength in AXIS BANK/ICICI BANK AND SBIN BANK
BANKNIFTY FUTURES TRADE CONDITIONAL
BUY@37100(ABOVE 37080 ONLY)
STOP@36900
TARGET@37350-37480-37800
EXTENSION ABOVE 38070 ONLY
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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.
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.